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.
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• No More Tax Period Selection: You no longer need to select a specific tax period when applying.
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• Invoice-Based Filing: Refunds are now based on uploaded invoices, using specific statements (Statement 2, 4, and 5B).
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• Invoice Locking: Invoices are locked once uploaded with a refund application.
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• Return Filing is Crucial: Ensure all your GSTR-1, GSTR-3B, and annual returns are filed before applying for a refund.

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 HERE IS LINK OF DETAILED VIDEO ON GST REFUND FILING PLEASE   CHECK THE  LINK BELOW.

https://youtu.be/xReLWu-HtzY?si=SMVbmUC8vnumI4Q6