CBEC clarifies the steps to overcome the hindrances faced during the IGST refund on exports of goods for July, 2017 and August, 2017
Central Board of Excise & Customs has issued a Circular No. 42/2017- Customs dated 7th November,2017 and has taken decision to address the errors faced by the exporters for refund of IGST paid on exports made during the month of July, 2017 and has also laid down the precautions to be followed by the merchant exporters in order to avail the benefit of concessional rate of supplies.
Key highlights of the Circular are:
a). IGST refunds for exports of goods for the month of July, 2017:
Decisions taken by CBEC to address the errors faced by the exporters to claim refunds are as follows-
i)In case the exporter has written Incorrect Shipping Bill number in GSTR 1 of July,2017 then it can be corrected by filing Table 9A of GSTR 1 for the month of August, 2017.
ii)The exporter should take care that Invoice Number and the IGST paid amount provided in the Shipping bill to match with those provided in the GSTR 1.
iii) The Export General Manifests ( EGM) to be filled online.
iv)Exporters are advised in order to ensure timely refund of IGST the Bank Account details provided in the customs EDI system is authentic and validated by PFMS.
b). IGST refunds for exports of goods for the month of August, 2017:
GSTN has provided utility to fill up Table 6A of GSTR 1 for exporters to expedite the process of refund. Exporters are required to file up information provided in Table 6A of GSTR 1 to sanction refunds for exports made in the month of August, 2017. Exporters are also provided with the option to view their shipping bill data online on ICEGATE website (www.icegate.gov.in) to ensure that the TABLE 6A of GSTR 1 is filed without any error.
c). Precautions to be taken by Merchant Exporters:
The GST Council has allowed the supplies made to merchant exporters at Concessional Rate of 0.1% under the Notification no. 41/2017 – IGST Rate; Notification No. 40/2017- CGST Rate; Notification no. 40/2017- UTGST Rate all dated 23rd October, 2017. Merchant exporters are required to take following precautions in order to avail such scheme:
i)The Name and GSTIN of the supplier to be provided in shipping bill,
ii)The GST Invoice details of the supplier to be provided in ARE Certificate and date column of shipping bill,
iii) In case of export consignments containing multiple supplies, the merchant exporter to declare the details of all suppliers and corresponding invoices in Shipping Bill.
iv)For the purpose of the Notifications stated above, the registered warehouse shall deemed to be the registered place of business or additional place of business of the recipient.
v)The Merchant exporters may conceal to provide the commercially sensitive information to suppliers while providing the copy of shipping bill.