1.0 Meaning of relevant date . Article contains relevant sections, rules, circulars and gist of Circular No. We have since helped start and operate tens of thousands of businesses by offering a range of business services. GST refund applies to any taxpayer upon making extra GST payment in the form of tax, interest, penalty, fees or any others. Ans. So, abide by the GST refund dates as mentioned below, to claim your refunds on time. The relevant date for unutilised ITC should be the date of end of FY period, which is applicable as per existing CGST Act 2017. Click here for Temporary GST Registration, GST for Non-Resident Taxable Persons. GST RFD–01  Whether principle of unjust enrichment will be applicable in refund? No part of these pages, either text or image may be used for any purpose. Section 54 of CGST Act has prescribed the definition of relevant date and such relevant date plays a crucial role in claiming GST refund. With regards to services exported out of the country, where refund applies on executing these services, and the inputs or input services used in such services, the relevant date shall apply as: Pre-deposits done before appealing to the proper authorities are refundable, subject to conditions. Claiming refund will depend upon whether such application was filed within relevant date or not. Here are the relevant dates for common instances of GST refunds – has to be paid if the amount is not refunded within 60 days from date of receipt of application. As per the GST return India rules, A business entity or person claiming the tax/ interest refund needs to file a proper application in the “Form GST RFD-1” to avail the rebate just before two years expiry from the date of relevant. The same will be forwarded via an email and an SMS for future references to the applicant. TIME PERIOD FOR FILING OF REFUND AND RELEVANT DATE: 4.0. Q 8. Otherwise, explain the situation mentioned below. All rights reserved. Second, the GST refund claim must be made within 2 years from the ‘relevant date’ of GST refund application. When it comes to refunds in GST, the concept of relevant date plays a vital role, as the application for refund has to be made within two years of the relevant date. STEP 2: After the application is filled by the taxpayer, the details and the acknowledgement will be auto-generated in Form RFD-02. For every other case, the relevant date will be the date of payment of the tax. There are various cases for which there are different relevant date has been prescribed. In case of a refund of unutilized input tax credit, the relevant date is said to be the end of the financial year, during which the need for refund occurs. The CRA also gave a one-time GST refund of $400 on April 9 as part of the COVID-19 Emergency Response Plan. In a few other cases, the date of payment of tax would be the relevant date. There are different relevant dates defined for various GST refund scenarios. For export of services for GST refund- The relevant date would be the invoice issue date. The following points describe the relevant date for export of goods: Deemed exports refer to the supply of goods which doesn’t leave India, and the goods so received will be paid either on Indian rupees or in foreign currency. The service must be completed before the receipt of payment. Post Views: 391 Interest Under GST Government implemented GST by consolidating various State & Central taxes, these taxes has their different law as compare to each other. Refund for non-suppliers: Relevant date is the date at which the goods are received. The relevant date for the same will be the date of decree or order communicated by the Appellate authority, tribunal, or any court. If you are claiming a refund for export or deemed export of goods or services, the date of despatch/loading/passing the frontier becomes the relevant date. 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