NEW Online Refund Processing implemented on GST Portal - Reg

The online processing of refund applications and single authority disburse men 

has been implemented on GST Portal w.e.f. 26th September, 2019. 

The taxpayers are advised to take note of the following changes:


1.  Filing Refund application in Form GST RFD 01: Refund applications 
will be filed by the taxpayers in Form GST RFD-01 and the same will be processed 
electronically/ online by the tax-officers.

Note:

 (i) The Form GST RFD-01A for filing refund applications has been disabled on the 
portal.  However, the taxpayer will be able to view the status of their earlier filed Form GST
 RFD-01A applications on the Portal.
(ii) Please note that all refund applications filed by taxpayers in Form GST RFD-01A 
before 25th September, 2019 will be processed manually and refund amount will be 
disbursed, as was done under the earlier refund process.

2.   Disbursement of Refund: Refund amount will be disbursed by accredited bank of Central 
Board of Indirect Taxes and Customs (CBIC) through the Public Financial Management System
 (PFMS), after bank account validation. After processing the refund application, the tax officials
 will issue payment order online and the amount will be refunded/ credited to taxpayer’s 
account, as provided by them in their refund application.
Image result for new gst refund images"
3.   Failure of Bank Account validation: In case validation of bank account number given by 
the taxpayer (in their refund application) fails,  intimation will be sent to taxpayer about the 
same and the taxpayer will be required to correct bank account details, so that refund amount 
can be credited to their bank account.

4.       Information about Status of Refund Application:  Taxpayers can view the various stages 
of processing of their refund application and can give replies to notice, if any, online on the GST
Portal now. They will also be given information via SMS and Email, at important stages of processing 
of their refund application. Please note that all communications between the tax officers and the 
taxpayers will also take place electronically, for the refund applications filed in Form GST 
RFD-01, w.e.f. 26th September, 2019.

5.      Information about Refund: Details about various changes in forms, for electronic processing 
of refund, can be viewed by clicking the link https://tutorial.gst.gov.in/downloads/advisory.pdf .

More Services in Mumbai......

Company Registration in Mumbai
Business Registration in Mumbai
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Trademark Registration in Mumbai


Comments

  1. taxgoal21 May 2024 at 23:04

    Great post! If anyone needs assistance with the Cancellation of GST Registration Delhi, Taxgoal can help. we offer expert guidance and make the process smooth and hassle-free. Visit our website for more details.

    ReplyDelete
  2. Legal & Compliance Services16 November 2024 at 03:12

    Great insights on the company registration process! Registering a business is a crucial step for any entrepreneur, as it sets a strong foundation and establishes legal recognition. Your breakdown of the types of registrations, from sole proprietorships to private limited company registration, really clarifies the options available and the steps involved. It’s also helpful to see the benefits of registration highlighted, like limited liability and access to funding, which many new business owners might overlook. A clear and comprehensive guide like this can make a big difference for startups looking to grow with the right structure from day one. Thank you!

    ReplyDelete
  3. Legal & Compliance Services2 February 2025 at 21:35

    private limited company registration ensures legal protection, credibility, and growth opportunities. It limits liability, attracts investors, and enhances business credibility. Follow legal procedures for seamless registration. A well-structured company boosts trust and expansion prospects. Start your registration today.

    ReplyDelete
  4. Startup Club India18 June 2025 at 04:23

    Informative post on GST Registration
    ! At Startup Club India, we help businesses get registered quickly and hassle-free. Visit us today to simplify your GST journey and stay compliant!

    ReplyDelete

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