GST Network has informed the exporters about the refund filing mechanism and allowed them to furnish details on common GST portal in table 6A of GSTR-1 return form. GSTN has well informed the exporters in a statement that the shipping bills and invoices for GST returns can be attached with GSTR-1 return form claiming the refunds for IGST (Integrated Goods and Services tax) paid during exporting the goods.
The shipping bill details furnished by exporters is an application which shows the refund to the paid taxes on the supplied goods.
Prakash Kumar, CEO at GSTN said that leaving behind the taxpayer or the tax service provider or tax deducted at source (TDS) or tax collector on the source (TCS), every registered taxpayer under GST regime who exports the goods by furnishing IGST tax is required to file details in table -6A of GSTR-1 form electronically on common GST portal.
According to the release by GST Network, the taxpayers are allowed to furnish export-related information for a given tax period in table-6A of GSTR-1 form. The refunds in this interval will be processed through the furnished details in table-6A of GSTR-3B and GSTR-1 forms.
Most of the taxpayers furnished the GSTR-3B form details for August, September, and October months but as the filing dates for August month is not known yet they are not able to furnish the GSTR-1 form. So, this scheme is initiated to relief the exporters and now they can claim the refund application through this procedure.
GSTN informed the exporters that they can save and upload the export-related details furnished in table-6A of GSTR-1 form. This table will be considered separately. When the exporter signs such table electronically, after that it will arrive at customs department itself. The customs department will do a match of this table’s detailing with the tax filing mentioned in GSTR-3B and shipping bill data and then the table will be approved. After that, the refunded amount will be transferred to the exporters in their respective bank accounts or the check will be generated.
