Read this Article- Introduction GST Council in the 31ST GST Council Meeting held on 22nd December 2018 at New Delhi took the following decisions relating to changes in GST rates, and clarification (on Goods). In this article, we will get the 31ST GST Council Meeting. The decisions of the GST Council at the 31ST GST Council Meeting have been presented in this note for easy understanding. The same would be given effect to through Gazette notifications/ circulars which shall have force of law. 1. GST Refund related changes affecting Refund claim in Form GST RFD-01A A scheme of single authority for disbursement of the refund amount sanctioned by either the Centre or the State tax authorities would be implemented on a pilot basis. Shortly new functionality shall be updated on the GST portal so that the supporting documents/invoices in relation to the refund claim in Form GST RFD-01A can be uploaded electronically. In case of applications for refund in Form GST RFD-01A (except those relating to refund of excess balance in the cash ledger) which are generated on the common portal before the above-described update, and which have not been submitted in the jurisdictional tax office within 60 days of the generation of ARN, the claimants shall be sent communications on their registered email ids containing information on where to submit the said refund applications. If the applications are not submitted within 15 days of the date of the email, the said refund applications shall be summarily rejected, and the debited amount, if any, shall be re-credited to the electronic credit ledger of the claimant. Following listed additional type of refunds shall now be made available through Form GST RFD-01A – Refund due on account of any assessment /provisional assessment/ appeal/ any other order; Tax paid on an intra-state supply which is subsequently held to be inter-state supply and vice-versa; Excess tax payment; and Any other refund Read more on- https://vjmglobal.com/gst/gstupdate/page/3/
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