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29 November 2017
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GST (The Total Investment & Insurance Solutions)
Exporters have claimed refunds of Rs 6,500
crore in the first four months of GST roll out, the government said today,
while asking them to file claims in proper form with matching shipping bills to
facilitate early settlements.
It also said that businesses can upload the final sales return for
August in GSTR-1 on GST Network (GSTN) portal from December 4.
In a statement, the finance ministry said: "It is clarified that
the quantum of IGST refund claims as filed through Shipping Bills during the period July to October, is approximately Rs
6,500 crore and the quantum of refund of unutilised credit on inputs or input
services, as per the RFD-01A applications filed on GSTN portal, is to the tune
of Rs 30 crore."
The CBEC had last month started refunds for
exporters of goods who have paid Integrated GST (IGST) and have claimed refund
based on shipping bill by filling up Table 6A.
Earlier this month, it allowed businesses making zero rated supplies or
those who have paid IGST on exports or those want to claim input credit to fill
Form RFD-01A.
It asked them to approach Chief Commissioner of Central Tax and the
Commissioner of State Tax for refund claim.
The ministry said that of State Tax for
refund claim.
The ministry said that of the IGST paid on goods exported, a majority of refund claims for exports made in July have been sanctioned.
"Refund claims of IGST paid for exports made in August, September
and October 2017 are being sanctioned seamlessly wherever returns have been
accurately filed," it said.
Exporters should file
GSTR-3B, Table 6A of GSTR-1 on the GSTN portal and Shipping Bills on Customs
EDI System, it said.
However, the statement said, instance of errors are noticed in Shipping Bill number in GSTR-1, mis-match of invoice number and IGST amount paid and wrong bank account, which is delaying the refund process.
"These errors are the sole reason for
delay in grant of refunds, or rejection thereof. While information has been
made available to Exporters on the ICEGATE portal if they are registered, they
may also contact jurisdictional Customs authorities to check the errors they
have committed in furnishing information in GST returns and Shipping Bill, and
rectify them at the earliest," the ministry said.
It asked exporters to ensure that there is no
discrepancy in the information furnished in Table 6A of GSTR-1 and the Shipping
Bill.
It said that since Customs
system automatically grant refunds without involvement of any officer by
matching information that is furnished on GSTN portal and Customs system, the
onus is on the exporters to fill in all the details accurately.
"Exporters may, therefore, take due
precaution to ensure that no errors creep in while filing Table 6A of GSTR 1 of
August 2017 and onwards," the ministry added.
In case exporters have committed errors in filling up July claim forms,
they can make changes by filling up Table-9 of GSTR-1 of August returns, it
said.
For claiming Input Tax Credit (ITC), the
ministry said exporters will have to ensure that all the necessary documents
are submitted along with the Form RFD-01A for timely sanction of refund.
"Exporters are advised to immediately file Table 6A and GSTR-3B,
for processing of IGST refund; RFD-01A on GSTN portal for refund of the
unutilised ITC on inputs or input services used in making exports; and GSTR-1
for August 2017 for amending details provided in July GSTR-1," the
ministry said.
The government has taken
various measures to alleviate the difficulty of exporters and is fully
committed to provide speedy disbursal of refunds due to them, it added. The Total Investment & Insurance
Solutions
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