The Govt. notified various amendments in GST Portal as well as in Rules. Followings are those changes,

Part A :Provision Relating to Act and Rules made thereto :

1. Refund on account of inverted duty structure

Rule 89(5) – Formula for refund- earlier substituted w.e.f 18.04.18. The substitution now made effective retrospectively with effect from 01.07.2017.

    Refund =   Turnover of inverted rated supply ∗ Net ITC     _Tax payable on such                             Adjusted Adjusted Total Turnover                  inverted rated supply

2. Refund of Compensation Cess

Second Proviso to Rule 97(1) inserted by virtue of which 50% of the Compensation Cess amount, determined under Section 54(5) shall be deposited in the Consumer Welfare Fund; The rest 50% shall go the Consumer Welfare Fund of State

3. Refund in certain cases

Rule 95(3) the refund of tax paid by the applicant shall be available if- (a) the inward supplies of goods or services or both were received from a registered person against a tax invoice [and the price of the supply covered under a single tax invoice exceeds five thousand rupees, excluding tax paid, if any]

Rule 95(3)(a)( Bold Portion ) was amended has now been made effective retrospectively with effect from 01.07.2017.

Part B : How to claim ?  FORM GST RFD-01

In Annexure-1, for Statement 1A and 5B, a new statement has been substituted.

  1. Inverted Rate Structure : Statement 1A is to be filed by persons claiming refund on account of inverted rate structure. The new statement requires the GSTN no of the supplier to be mentioned .
  2. Deemed Exports : Similarly for Statement 5B, a new Statement has been substituted. Statement 5B is required to be filed for a refund claim on account of deemed exports. The new statement requires GSTN of the supplier to be mentioned.
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Yogesh Parmar have vast knowledge in the field of Goods and Services Tax (GST). He is regularly conducting seminars on GST at various location for business personal to provide the knowledge about impact of GST on their business and how compliance should be made. He is founder of "" through which he is sharing his knowledge and latest amendments, circulars, notifications etc related to all type of taxes. He is also associated with some software development companies and providing advisory service and help to understand technical aspect of GST. He is also serving as functional manager as well as tester to those company which is developing software for GST.


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