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. 

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

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