GSTN starts online refund processing

Friday 27th September, 2019

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Publication  The Tribune
Source  PTI
CCM  36.64
Edition  Chandigarh | New Delhi
Supplement   NA
MAV  143,628
Language  English
Page  12
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GSTN starts online refund processing SEAMLESS PROCEDURE NEW DELHI, SEPTEMBER 26 GST Network, the IT backbone of the indirect tax system, today unveiled an online refund process as decided by the GST Council. Taxpayers can now file refund application (im RFD 01 form) easily and tax officers can process the same online, GST Network said. All communications between taxpayers and tax officers will also be online. The online refund process has become effective from September 25, 2019, on the m Carlier, the refund processing was done for both Central and State GST by one tax authority to whom the taxpayer was assigned administratively but disbursement was done by accounting authorities of Central and state tax departments separately m This was leading to a delay on account of sharing of sanction order with counterparty accounting authority through that tax authority GST portal, it said. Earlier, the refund processing was done for both Central and State GST by one tax authority to whom the taxpayer was assigned administratively but disbursement was done by accounting authorities of central and state tax departments separately. 'This was leading to a delay on account of sharing of Sanction order with counterparty accounting authority through that tax authority, it said. The new system has done away with this and after processing is completed by the tax officer, the sanctioned amount will get credited to the bank account of the Taxpayer through PFMS System, it said. PTI