Manual filing and processing of claim of refund of Inverted Tax Structure and Deemed Exports under Maharashtra GST

Feb 22, 2018 | by Avantis RegTech Legal Research Team

The procedure for manual filing and processing of refund claims related to zero-rated supply of goods or services or both and refund of excess balance in electronic credit ledger were explained in Trade Circular No. 49T of 2017, 52T of 2017 and 1T of 2018.

Due to the non-availability of the refund module on the common portal, the State Government of Maharashtra has decided, on the recommendations of the Council, that the applications /documents /forms pertaining to refund claims on account of inverted tax structure and deemed exports shall be filed and processed manually till further orders.

In this regard, the Commissioner of State Tax, Maharashtra, has clarified that the contents of the Trade Circular No. 49T of 2017 and Trade Circular No. 52T of 2017 shall also be applicable to the refund claims on account of inverted tax structure and deemed exports inasmuch as they pertain to the method of submission of refund claim and its processing which is consistent with the relevant provisions of the Maharashtra Goods and Services Tax  Act, 2017 and Maharashtra Goods and Services Tax Rules, 2017.

The refund claims on account of inverted tax structure and deemed exports shall be filed for a tax period on a monthly basis in FORM GST RFD-01A. In order to avoid the delay in grant of refund the Trade is advised to file the application for refund only after return in FORM-GSTR-1 is filed.

The procedure and methodology laid down in this Trade Circular shall be applicable to the claim of refund pertaining to the inverted tax structure and deemed export. The Trade Circular is divided into two parts as given below:

·       PART-A Refund of unutilised input tax credit on account of inverted tax structure.

·       PART-B Refund of tax on account of supply of goods regarded as Deemed Export.

Read the Trade Circulars at http://www.mahavat.gov.in/Mahavat/GetDataAction?option=Maharashtra%20Value%20Added%20Tax%20Act

[Trade Cir. No. 8 T of 2018]

 

URL: http://www.mahavat.gov.in/Mahavat/MyFold/KNOWLEDGE%20CENTER/TRADE%20CIRCULARS/DateWise/KNOW_TRADEC_DW_MVAT/KNOW_TRADEC_DW_MVAT_02_21_18_5_57_0PM.pdf


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