TaxTMI 
TaxTMI 
Mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports
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....Government of India, Ministry of Finance, Department of Revenue, CBIC, GST Policy Wing. In the reference cited, the Government of India, Ministry of Finance, Department of Revenue CBIC, GST Policy Wing, has issued Circular No 226/20/2024-GST, dated 11.07.2024 based on the recommendations of the GST Council. Hence, following pari-materia circular is issued. 2) Representations have been received by the GST Council, from trade/ industry requesting for prescribing a mechanism for seeking refund of additional IGST paid on account of upward revision in price of goods subsequent to export. It has been represented that there are cases where the price of export goods needs to be revised, subsequent to their exports, due to various reasons such....
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....cer of customs. Therefore, it has been decided that such exporter may file an application for refund of such additional IGST paid in FORM GST RFD-01 electronically on the common portal and such application for refunds would be processed by the jurisdictional GST officer of the concerned exporter. Accordingly, TNGST Rules have been amended vide G.O. (Ms) No. 114, CT & Regn. (B1) Dept. dated 30.09.2024 in Notification No. SRO A-18(a)/2024 dated 30.09.2024 published in Tamilnadu Government Extraordinary Gazette Issue No.316, to provide for filing of such refund application in FORM GST RFD-01, which shall be dealt with in accordance with provisions of rule 89 of TNGST Rules. 4.2 GSTN is in the process of development of a separate category of....
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....b-section (5) or sub-section (6) shall be paid to an applicant, if amount is less than one thousand rupees. Therefore, no such refund shall be paid if the amount claimed is less than one thousand rupees. 6. Time limit for filing refund: Sub-rule (1B) of rule 89 of TNGST Rules, inserted vide vide G.O. (Ms) No. 114, CT & Regn. (B1) Dept. dated 30.09.2024 in Notification No. SRO A-18(a)/2024 dated 30.09.2024 published in Tamilnadu Government Extraordinary Gazette issue no.316, provides that the application for refund of additional IGST paid can be filed before the expiry of two years from the relevant date as per clause (a) of Explanation (2) of section 54 of the TNGST Act. However, in cases, where the relevant date as per clause (a) of Exp....
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.... RFD 01. 8. The proper officer while processing such refund claim shall verify that the exporter has duly reported the details of the export invoice and the debit note in his statement of outward supplies in FORM GSTR-1 and has duly paid such additional amount of IGST along with applicable interest for which refund is being sought in their FORM GSTR-3B return. The proper officer while ascertaining the eligibility of the refund to the exporter shall verify the revised value declared by the exporter in his FORM GSTR-1/ FORM GSTR-3B and details of foreign exchange remittances received thereof. 9. The proper officer shall scrutinize the application with respect to its completeness and eligibility and only if the proper officer is satisfie....