TaxTMI 
TaxTMI 
Mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports
X X X X Extracts X X X X
X X X X Extracts X X X X
....f additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports- reg. Madam / Sir, The Government of India, Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, GST Policy Wing vide Circular No. 226/20/2024-GST dated 11th July, 2024 has issued a mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports, in order to ensure uniformity in the implementation of the provisions of law across the field formations, which is annexed herewith. In exercise of powers conferred by section 168 of the Tripura State Goods and Services Tax Act, 2017 (Tripura Act No. 9 of 2017) for the pu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....etween the two parties etc. In such cases, where there is upward revision in price of goods subsequent to exports, the exporter is required to pay additional IGST on account of upward price revision along with applicable interest but there exists no mechanism for allowing them to claim refund of such additional IGST paid. 2. In order to ensure uniformity in the implementation of the provisions of the law across field formations, the Board, in exercise of its powers conferred by section 168(1) of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as "CGST Act"), hereby lays down the following procedure for claim and processing of refunds of additional integrated tax paid on account of upward revision....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d of additional amount of IGST paid is developed on the common portal, such exporter(s) may claim refund of the additional IGST paid on account of upward revision in price of goods subsequent to exports, by filing an application of refund in FORM GST RFD-01 under the category "Any other" with remarks "Refund of additional IGST paid on account of increase in price subsequent to export of goods" along with the relevant documents as prescribed in clause (bb) of sub-rule (2) of rule 89 of the CGST Rules. The exporter shall also upload the statements 9A & 9B as prescribed in clause (bb) & clause (bc) of sub-rule (2) of rule 89 of the CGST Rules along with the said refund claim. The exporter may a....
X X X X Extracts X X X X
X X X X Extracts X X X X
...., such refund application can be filed before the expiry of a period of two years from the date on which the said sub-rule has come into force. 6. The following documents are required to be accompanied with the refund claim in order to establish that refund is due to such exporter: (a) Copy of shipping bill or bill of exports; (b) Copy of original invoices; (c) Copy of contract/ other document(s), as applicable, indicating requirement for the revision in price of such goods subsequent to exports; (d) Copy of the original invoices as well as relevant debit note(s)/ supplementary invoices; (e) Proof of payment of additional IGST and applicable interest and details of the relevant FORM GSTR-....