Manufacturing Exporters Can Claim Their Refunds For The GST Paid

On the GST network portal, the merchant exporters can begin collecting their tax refunds through a new facility that has been activated from November 15th night, GSTN CEO Prakash Kumar has said.An exporter, through this new facility RFD-1A can claim his refunds of GST paid for  buying the goods in the relevant months."GST RFD-1A for refund of input tax credit on export of goods and services and additional amount in cash ledger would go live on GSTN portal tonight," Kumar told.The refund claims can be submitted for July, August, and September and that would be in conformance with GSTR-3B registered  by the exporter.Kumar further added that the newly introduced functionality on the portal facilitates the business GST practitioner (GSTP) to engage or disengage.Previously, for those exporters who had paid Integrated GST (IGST) during the export of goods, GSTN had also launched a utility that aids in processing the refund claims.Central tax officers are loaded with validating applications, as there are around 46,000 people who have enrolled."The list of practitioners would be put up on the GSTN portal and businesses can search for a GSTP in their locality and send request. The practitioner can then decide to accept it or reject," Kumar said.In addition, he explained that after the business has appointed a practitioner, any communications made would be automatically sent to the GSTP as well as the taxpayer.Besides this, to facilitate the registration of non-resident taxable persons engaging in supply of goods or services once in a while without a fixed place in India, GSTN has come up with form REG-09.“All foreign exhibitors participating in fairs like IITF who also want to sell their goods are required to register as non-resident taxpayer”, Kumar said.
Kranthi Tilak Reddy
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Manufacturing Exporters Can Claim Their Refunds For The GST Paid

Kranthi Tilak Reddy
News Article
24th Nov, 2017
Manufacturing Exporters Can Claim Their Refunds For The GST Paid

On the GST network portal, the merchant exporters can begin collecting their tax refunds through a new facility that has been activated from November 15th night, GSTN CEO Prakash Kumar has said.

An exporter, through this new facility RFD-1A can claim his refunds of GST paid for  buying the goods in the relevant months.

"GST RFD-1A for refund of input tax credit on export of goods and services and additional amount in cash ledger would go live on GSTN portal tonight," Kumar told.

The refund claims can be submitted for July, August, and September and that would be in conformance with GSTR-3B registered  by the exporter.

Kumar further added that the newly introduced functionality on the portal facilitates the business GST practitioner (GSTP) to engage or disengage.

Previously, for those exporters who had paid Integrated GST (IGST) during the export of goods, GSTN had also launched a utility that aids in processing the refund claims.

Central tax officers are loaded with validating applications, as there are around 46,000 people who have enrolled.

"The list of practitioners would be put up on the GSTN portal and businesses can search for a GSTP in their locality and send request. The practitioner can then decide to accept it or reject," Kumar said.

In addition, he explained that after the business has appointed a practitioner, any communications made would be automatically sent to the GSTP as well as the taxpayer.

Besides this, to facilitate the registration of non-resident taxable persons engaging in supply of goods or services once in a while without a fixed place in India, GSTN has come up with form REG-09.

“All foreign exhibitors participating in fairs like IITF who also want to sell their goods are required to register as non-resident taxpayer”, Kumar said.

Kranthi
Blog Author

Kranthi Tilak Reddy is one of the co founders and COO of White Matter Advisory services P Ltd. He is an Engineering graduate from SRM University and has done his Masters in finance.Being a true go-getter and an optimist to the core he has grown up the ranks in banking industry at an astonishing rate, his last stint being Associate Director, Business Clients -South with Standard Chartered Bank. With over 10 years of association with SME businesses and clients he certainly brings rich vein of expertise to the WMA table but more importantly his alluring passion towards great and customer service” the foundation on which he asserts WMA has been built.

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