New Functionalities made available on GST Portal regarding Refunds and Advance Rulings

Label change in Statement 1 of RFD 01 for Refund on account of ITC accumulated due to Inverted Tax: In terms of the notification 14/2022, dated 05.07.2022 the column “Tax payable on such inverted rated supply of goods and services “ has been substituted with “Tax payable on such inverted rated supply of goods and services * (Net ITC/ITC availed on inputs and input services)” in statement 1 of Form GST RFD-01 filed for refund on account of ITC accumulated due to Inverted Tax Structure.

Removing the validation of return filing of Form GST CMP 08 and Form GSTR 4: The Composition taxpayers were earlier being prevented from applying for refund on account of Excess payment of tax in cases where they had defaulted in filing statement in Form GST CMP-08 and/or return in Form GSTR-4. This validation has now been removed.

Filing Advance Ruling Application by Unregistered persons: A new functionality has been deployed on the portal to allow the unregistered persons to file an application for advance ruling on the portal. They can submit the application by creating a Temp ID on the GST portal.