Refunds under GST, 2025 by CA. SATYADEV PUROHIT – Edition 2025

Description

Refund under GST is a hot topic not only for the GST practitioners but also for the GST offi cers and the industry. Upto 25-9-2019, the system of manual fi ling and processing of refund claims was in vague. With effect from 26-9-2019, the new system of electronic fi ling and processing of the refund claims came into operation. Since the coming into force of the GST regime, numerous Circulars have been issued clarifying various issues related to GST Refunds. We are pleased to present the thoroughly updated and revised edition of our Book ‘Refunds Under GST’. The present book aims at catering to the needs of practicing Chartered Accountants, GST Practitioners and Tax Consultants with regard to issues related to GST Refunds and also those relating to import of goods, export of goods and supply of goods or services or both to SEZ Unit or SEZ developer. For the sake of better presentation, the book is divided into four parts, namely :

Part I of the Book provides an overview of the scheme of levy of GST on import of goods and services or both and also taxation of Online Information and Database Access or Retrieval Services. Part II of the Book contains scheme of treatment of GST in case of export of goods or services or both. This Part also comprises a detailed discussion on nature and scope of Zero Rated Supply, Supply to Special Economic Zone Unit/Developer and Deemed Exports. Part III deals with the law and procedure in respect of refund of GST under different provisions of the Central Goods and Services Tax Act, 2017 and the Integrated Goods and Services Tax Act, 2017. The procedure for electronic fi ling and processing of refund claims as specifi ed in Circular No. 125/44/2019- GST, dt. 18-11-2019, has also been incorporated at the relevant places.

In Part IV i.e. ‘Appendices’, the updated text of the Central Goods and Services Tax Act, 2017, the Integrated Goods and Services Tax Act, 2017 and the Central Goods and Service Tax Rules, 2017 that are relevant to import of goods and services, export of goods and services and refunds, is reproduced for the purpose of providing instant reference to the updated statutory provisions. In addition, the Circulars relating to refunds have also been reproduced at the end of the relevant chapter. We believe that the present book will help the practicing Chartered Accountants as well as those in industry, advocates and GST practitioners engaged in and dealing with cross-border transactions and GST Refunds. Statutory provisions reproduced in the book are updated till Finance Act, 2025. The gist of relevant Circulars as well as Notifications has also been incorporated at the relevant places and the text is fully backed up by their relevent Legal and Handpicked Case Law Backgroud. Each chapter of the Book contains a detailed commentary on the related subject-matter. The object behind this is to provide the readers complete details relating to a particular topic under the GST law. Notwithstanding the best of our care, the likelihood of certain shortcomings having crept into this book cannot be ruled out. We, therefore, solicit creative feedback from our esteemed readers to bring to our notice any mistakes, errors, omissions or discrepancies, as and where noticed by them.