Relevant date for filing refund claim : Refund is required to be filed with specified period from ‘relevant date’. So, abide by the GST refund dates as mentioned below, to claim your refunds on time. If you are claiming a refund for excess payment of GST, your date of payment becomes the relevant date. No part of these pages, either text or image may be used for any purpose. When GST Refund Application Can Be Filed? The GST law requires that every claim for refund is to be filed within 2 years from the relevant date. In this article, we look at relevant date for GST refunds in detail. First of all, you should know that under the GST, all types of GST refund claims should be filed within 2 years from the relevant date of refund. Explanation2 to section 54 of CGST Act, Relevant Date means in the case of goods exported out of India where a refund of tax paid is available in respect of the goods themselves or, the inputs or input services used in such goods :- The principle of unjust enrichment would be applicable in all cases of refund except in the following cases: - i. There are various cases for which there are different relevant date has been prescribed. RFD–01 is an application for processing refund under GST. Relevant date for filing of each kind of refund needs to be defined separately. Refund is very important term under the GST for the person who is eligible to claim the refund and for the GST Authority who issues the refund order. The GSTR3B due date for April, 2018 has been extended upto 22 May, 2018. Finalization of Prov... Find trademark class for over 8000 goods and services, Manual Filing and Processing of GST Refund Claims. Refund for non-suppliers: Relevant date is the date at which the goods are received. The CRA also gave a one-time GST refund of $400 on April 9 as part of the COVID-19 Emergency Response Plan. Ans. Copyright © 2021 VERVE Financial Services Private Limited. In simple terms, one can refer to the time of relevance in each refund case as per the given points*: Agriculture Entrepreneurship Promotion Scheme, Upon exporting the by ships or aircraft, the date on which the carrier leaves India, the mentioned date shall apply as a relevant date, Goods exported by road or rail, the date on which the carrier crosses the frontiers of the nation shall apply as a relevant date. If you want to claim refunds, then you must make sure that you do not delay your application for the same. India: “India” means the territory of India as referred to in article 1 of the Constitution, its territorial waters, seabed and sub-soil underlying such waters, continental shelf, exclusive economic zone or any other maritime zone as referred to in the Territorial Waters, Continental Shelf, Exclusive Economic Zone and other Maritime Zones Act, 1976, and the air space above its territory and territorial waters. On the date of implementation of GST there was a fear in the mind of every business man which is “fear of working capital blockage” as tax will be leviable on supply rather sales and supply includes stock transfer also. Timing to claim refund. The relevant date for unutilised ITC should be the date of end of FY period, which is applicable as per existing CGST Act 2017. A person claiming refund of tax or interest or any other amount paid must file an application for refund in Form GST RFD-1 before the expiry of 2 years from the ‘relevant date’. Export of Goods out of India Refund under GST can be claimed for tax paid, cash lying in cash ledger etc. © 2019 GST Fever. And the period for such interest would be from the date immediately after 60 days to the date of refund. GST refund as a result of judgment- The date of announcement of such a judgment or order. There are different relevant dates defined for various GST refund scenarios. In the absence of specific provisions, general provisions are applicable. Relevant Date: GST refund found in provisional assessment: Date when tax is adjusted: Accumulated ITC credit due to nil outward liability: By the end of the financial year in which you claim ITC. List of GST refund forms available for the Registered taxpayer on the GST Common Portal. 4.0 Relevant date in the event of fare of Services for discount of GST On account of administrations sent out of India and where a discount of assessment paid is accessible to the candidate in regard of administrations themselves or, all things considered, the sources of info or information administrations utilized as a part of such administrations, As per the GST return India rules, A business entity or person claiming the tax/ interest refund needs to file a proper application in the “Form GST RFD-1” to avail the rebate just before two years expiry from the date of relevant. Thus practically every situation is covered. As tax has to be paid on stock transfers also which will definitely lead to accumulation of input credit resulting in working capital blockage. GST refund of unutilized ITC- the end of the fiscal year during which claim for refund occurs.In other cases- the date of the tax payed. Some experts are of the view that for filing the refund claim, the relevant date is to be seen as the starting date for filing the refund claim. Table of Contents. In this article, we look at relevant date for GST refunds in detail. Purchase month april 18 Export occur in sep 18 FIRC comes in 1 dec 18 Now date of filing of refund is 30 nov 2020 We were started in 2014 with the mission of making it easier for Entrepreneurs to start their business. Refund application can be filed under GST within a period of 2 years from the relevant date. Here are the relevant dates for common instances of GST refunds – If a person is liable to pay taxes on reverse charge, the relevant date would be the date of receipt of goods or services. Section 54 of CGST Act has prescribed the definition of relevant date and such relevant date plays a crucial role in claiming GST refund. The service must be completed before the receipt of payment. The relevant dates are different for different types of GST refund scenarios. A person claiming refund is required to file an application before the expiry of two years from the “relevant date” as given in the Explanation to section 54 of the CGST/SGST Act. However to claim refund under GST taxpayers has to file refund application in prescribed period of time i.e. It is recommended that a period of one year from the relevant date may be allowed for filing of refund application. Second, the GST refund claim must be made within 2 years from the ‘relevant date’ of GST refund application. Fo... GSTR3B Due Date for April 2018 When it comes to refunds in GST, the concept of relevant date plays a vital role, as the application for refund has to be made within two years of the relevant date. 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