GST Refund Filing: Key Updates for Faster Claims
This article summarizes the recent changes to the GST refund filing process, designed to make it easier and more efficient.
Key Updates:
*Affected Categories: These updates apply to refunds for export of services with tax payment, supplies to SEZ units, and deemed exports.
*No More Tax Period Selection: You no longer need to select a specific tax period when applying.
Refunds are now based on uploaded invoices, using specific statements (Statement 2, 4, and 5B).
*Invoice Locking: Invoices are locked o nce uploaded with a refund application .
*Filing is Crucial: Ensure all your GSTR-1, GSTR-3B, and annual returns are filed before applying for a refund.
HERE IS LINK OF DETAILED VIDEO ON GST REFUND FILING PLEASE CHECK LINK .
https://youtu.be/xReLWu-HtzY?si=SMVbmUC8vnumI4Q6
|