CBIC simplifies various content of Form GST RFD-01

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The CBIC vide Notification No. 56/2019 – Central Tax dated November 14, 2019, has made certain amendments in the Form GST RFD-01. The gist of the aforesaid notification has been discussed as hereunder: –

Major Changes in Form GST RFD-01: –

Table

Particulars

Amendment

Statement 1A

· Refund Type: ITC accumulated due to the inverted tax structure [clause (ii) of the first proviso to section 54(3)]

Substituted with a new statement 1A with new columns inserted as to – ”Type of document”, “Port code”, “Type of inward supply”, “Type of outward supply”.

Statement 2

· Refund Type: Exports of services with payment of tax (accumulated ITC)

·  Substituted with a new Statement 2 with a new column inserted to provide for the type of document under document details heading.

· The value of the BRC/FIRC also has to be declared under a new column.

· Column no. 10, 11, 12 present in the former statement have now been removed.

Statement 3

· Refund Type: Export without payment of tax (accumulated ITC)

· Substituted with a new Statement 3 with a new column inserted to provide for the type of document under document details heading.

· The value of BRC/FIRC also has to be declared under a new column.

Statement 4

· Refund Type: On account of supplies made to SEZ unit or SEZ Developer (on payment of tax)

· Substituted with a new Statement 4 with a new column inserted to provide for the type of document under document details heading.

· Column 10, 11, 12 present in the former statements have now been removed.

Statement 4A

Refund by SEZ on account of supplies received from DTA – With the payment of tax

Insertion of a new statement i.e. Statement 4A after statement 4.

Statement 5

Refund Type: On account of supplies made to SEZ unit or SEZ Developer (without payment of tax)

Substituted with a new Statement 5 with a new column inserted to provide for the type of document under the document details heading.

Statement 5B

· Refund Type: On account of deemed exports claimed by supplier

· Refund Type: On account of deemed exports claimed by recipient

· Substituted with 2 new statements of 5B wherein the earlier requirement of the GSTIN of the supplier has now been removed in case where Refund Type is on account of deemed exports claimed by supplier.

· However, the second case wherein refund type is on account of deemed exports claimed by the recipient still features as the former statement 5B.

Statement 6

· Refund Type: On account of change in POS (inter-state to intra-state and vice versa)

Substituted with a new Statement 6 with a new column inserted to provide for the type of document under the document details heading.

A new column has been inserted named – “Document type B2C/Registered”.

The complete notification can be accessed at: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-56-central-tax-english-2019.pdf;jsessionid=EC661019BB9F8BA57419321A5BDB8C33