The Goods and Service Tax Network has introduced a new facility for exporters to claim refund, on Sunday.
It has been introduced in the name of Table 6A of Form GSTR1 on the GST portal.
This facility allows tax payers to file export related data for the period which concerned that permits processing of the tax refund on the basis of declaration made under form GSTR 3B and Table 6A of form GSTR-1.
An exporter can file an application for claiming the refund of IGST on the exported goods out of India paid at the time of export by filling the details of the shipping bill and tax paid GST invoices in his form GSTR1 during the relevant month to the customs authorities.
GSTN Chief Executive Mr.Prakash said that “Every registered taxable person who has made exports on payment of IGST, other than an input service distributor or compounding taxpayer or TDS deductor or TCS collector can file Table 6A of Form GSTR-1 electronically on the GST Portal”.
The table can be filed from the return section of the GST portal and the refund would be credited to the exporter’s bank by way of ECS or by cheque.
For an instant relief to the exporters, during the last month the government had announced that the refund for the month of July and August would be immediately send to them through cheques from October 10 and October 18 respectively.
The GST council has decided that an e-wallet will be created for all exporters as a long term measure by April 1, 2018 to carry forward the refund process.
