{"id":826,"date":"2021-04-01T13:51:32","date_gmt":"2021-04-01T13:51:32","guid":{"rendered":"https:\/\/www.gstrobo.com\/blog\/?p=826"},"modified":"2022-01-07T12:01:28","modified_gmt":"2022-01-07T12:01:28","slug":"gst-rfd-01-applicability-and-prerequisites","status":"publish","type":"post","link":"https:\/\/gstrobo.com\/blog\/gst-rfd-01-applicability-and-prerequisites\/","title":{"rendered":"GST RFD-01 Applicability and Prerequisites"},"content":{"rendered":"\n

To claim a refund the government has introduced several GST refund<\/a> applications, one such application form is GST RFD-01. In this blog, we will discuss GST RFD-01 applicability and prerequisites.<\/p>\n\n\n\n

\"gst-rfd-01-applicability-and-prereqisites\"<\/figure><\/div>\n\n\n\n

What is GST RFD-01?<\/h2>\n\n\n\n

GST RFD-01 is a type of GST refund application form that has to be furnished by the taxpayer electronically. Before the introduction of GST RFD-01, the taxpayer used to file a refund application form offline using GST RFD-01A that has now been disabled on the GST portal.<\/strong><\/p>\n\n\n\n

GST RFD-01 Applicability<\/h2>\n\n\n\n

The taxpayer can claim the following refunds using GST RFD-01:<\/p>\n\n\n\n

  1. ITC that is unutilized in case of exports without payment of tax<\/li>
  2. IGST paid on export of services with payment of tax<\/li>
  3. ITC<\/a> that is unutilized in case of supplies made to SEZ Unit\/SEZ Developer without paying IGST<\/li>
  4. ITC that is unutilized in case of supplies made to SEZ Unit\/SEZ Developer with IGST<\/li>
  5. Refund of ITC that is accumulated in case of Inverted Tax Structure <\/li>
  6. Deemed export supplies Refund<\/li>
  7. E-cash ledger excess balance<\/li>
  8. Refund in case of excess payment of tax<\/li>
  9. Refund due to any provisional assessment, appeal, or any other order<\/li>
  10. Refund in case of any other reason.<\/li><\/ol>\n\n\n\n

    GST RFD\u201301 Non-Applicability<\/strong><\/h2>\n\n\n\n

    Here are the situations when a taxpayer cannot apply for GST RFD-01:<\/p>\n\n\n\n

    1. When the goods are exported by paying the export duty<\/li>
    2. Persons who are notified such as the UN or other embassies <\/li>
    3. Casual Taxable Person<\/li>
    4. Shipping bill is considered as the refund application in case if the goods or services are exported after paying IGST<\/li>
    5. Non-Resident Taxable Person<\/li>
    6. If a taxpayer has opted drawback scheme<\/li><\/ol>\n\n\n\n

      Format of GST RFD-01 Form<\/h2>\n\n\n\n
      \"\"<\/figure><\/div>\n\n\n\n

      GST RFD-01 Prerequisites<\/h2>\n\n\n\n

      Here is the list of prerequisites for filing GST RFD-01: <\/p>\n\n\n\n

      1. The taxpayer can claim INR 10,000 as a minimum amount of refund via GST RFD-01. This limit is applicable for each tax head independently and not in total.<\/li>
      2. A taxpayer can just choose one bank account from the list of bank accounts given by the taxpayer at the time of applying for GST REG-01.\u00a0<\/li>
      3. If a taxpayer has furnished GSTR-1<\/a> and GSTR-3B<\/a> for a relevant month\/quarter on\/before the due date, he\/she can apply for GST RFD-01.<\/li>
      4. A taxpayer group and file a refund application for a month\/quarter or subsequent months\/quarters. It shall be noted that the GST RFD-01 application cannot be spread across numerous financial years.\u00a0<\/li>
      5. The taxpayer needs to file GST RFD-01 sequentially. Let us understand this with the help of an example, if a taxpayer has filed GST RFD-01 for Jan 2022, he\/she cannot furnish GST RFD-01 application for Dec 2021.\u00a0<\/li>
      6. When Form GST RFD-01 is filed, an ARN is created and this date of creation is considered as the date of GST RFD-01 filing.\u00a0<\/li>
      7. In case if there is any deficit, the GST officer issues a memo. In such cases, the taxpayer needs to file fresh GST RFD-01 for a similar tax period. It shall be noted that for this new GST RFD-01 a new ARN is generated.<\/li><\/ol>\n\n\n\n

        How Can GSTrobo\u00ae Help you?<\/h3>\n\n\n\n

        GSTrobo\u00ae a division of Binary Semantics Ltd. is a one-stop GST compliance software provider and a leading ASP- GSP. We provide industry-leading GST<\/a>, e-way bill<\/a>, and e-invoicing<\/a> software. These solutions not only seamlessly integrate with all the ERPs but also automates most of your GST compliance needs saving your precious time and efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"

        To claim a refund the government has introduced several GST refund applications, one such application form is GST RFD-01. In this blog, we will discuss GST RFD-01 applicability and prerequisites. What is GST RFD-01? GST RFD-01 is a type of GST refund application form that has to be furnished by the taxpayer electronically. Before the … <\/p>\n","protected":false},"author":1,"featured_media":1003,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"ub_ctt_via":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[68],"tags":[298,296,299,297,300],"class_list":["post-826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gst","tag-file-gst-rfd-01","tag-form-gst-rfd-01","tag-gst-rfd-01","tag-gst-rfd-01-applicability","tag-gst-rfd-01-prerequisites"],"aioseo_notices":[],"featured_image_src":"https:\/\/gstrobo.com\/blog\/wp-content\/uploads\/2021\/06\/gst-rfd-01-applicability-and-prereqisites.png","author_info":{"display_name":"GSTrobo","author_link":"https:\/\/gstrobo.com\/blog\/author\/gstblog\/"},"_links":{"self":[{"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/posts\/826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/comments?post=826"}],"version-history":[{"count":6,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/posts\/826\/revisions"}],"predecessor-version":[{"id":1619,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/posts\/826\/revisions\/1619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/media\/1003"}],"wp:attachment":[{"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/media?parent=826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/categories?post=826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/tags?post=826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}