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The acknowledgment for the refund claimed appears in the form GST RFD-02. This article details the nuances of this acknowledgement section.
In a previous article, we had discussed the statements to be annexed with the application for refund. In this article, we will cover the acknowledgment available on the common portal (RFD-02) and the details of the form used for communication in the case of any discrepancy found by the proper officer in the application for refund.
1st May 2021
Where the time limit to pass orders for rejecting any refund claim fully or partly falls between 15th April 2021 and 30th May 2021, it is extended. The extended time limit shall be later of two dates:
(1) 15 days after reply to the notice OR
(2) 31st May 2021
3rd April 2020
The time limit for completion or compliance has been extended to 30th June 2020, where the time limit/time limit/ date of expiry falls between the period from 20th March 2020 to 29th June 2020. It includes cases where the time limit to apply for GST refund in RFD-01 expires between 20th March 2020 and 29th June 2020.
An acknowledgment covered under the form RFD-02 is available on the common portal for applicants. This acknowledgment will be auto-populated on the common portal after the application of refund is filed using the form GST RFD-01. The following details are covered in the acknowledgment after you file the application for refund:
Refund is provided for the ITC available or the excess tax paid under CGST, SGST, UTGST, IGST, and Cess. Refunds are also further categorized under different minor heads like tax, interest, penalty, fees, and others. The acknowledgment will also show the major and minor categories under which the refund is claimed.
When a discrepancy is found in the details provided by the applicant in the refund application, the proper officer will issue a deficiency memo under the form GST RFD-03. The discrepancy can either be in the amount of refund claimed or in the choice of the category under which refund is claimed (like penalty, CGST, SGST or ITC).
Refund application reference number and date of filing the refund application would be mentioned in the deficiency memo. There will be a drop down multi-select option from which proper officer would choose the reason for deficiency and any other reason would be entered by proper officer manually.
The memo would be digitally signed by the proper officer.The deficiency memo will mention the refund application reference number and the date of filing the refund application. There will be a drop-down multi-select option from which the proper officer would choose the reason for deficiency, and any other reason would be entered by the proper officer manually. The memo would be digitally signed by the proper officer.