GSTN has introduced key updates to the refund filing process under the category “On account of Refund by Recipient of Deemed Export.”
What’s New:
- No Tax Period Selection: Taxpayers no longer need to file refund claims in tax period order or select “From” and “To” dates.
- Return Compliance: All due returns (GSTR-1, GSTR-3B, etc.) must be filed before applying for a refund.
Updated Refund Table:
A revised “Amount Eligible for Refund” table has been introduced with five columns:
- Balance in ECL – Auto-filled with Electronic Credit Ledger balances.
- Net ITC of Deemed Exports – Auto-filled based on Statement 5B invoices.
- Refund Amount (Invoices) – Total ITC claimed; can be edited downwards.
- Eligible Refund Amount – Auto-calculated based on refund rules.
- Ineligible Refund (Insufficient Balance) – Shows any shortfall in the credit ledger.
Improved Functionality:
The system now optimizes the refund claim amount based on total available ITC across all heads (IGST, CGST, SGST), even if individual heads lack sufficient balance.
Taxpayers facing issues can raise a grievance at: GST Self-Service Portal
These changes aim to simplify and enhance refund efficiency for deemed export recipients.