Answer

GST

Quarterly filers and IGST export refunds

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  1. Facts

    Under QRMP, GSTR-1 and GSTR-3B are quarterly, so refund data reaches customs only after the quarter's returns are filed. You can report export invoices in IFF, but Rule 96 needs the GSTR-3B too.

  2. Provisions and law

    • Rule 96, CGST Rules 2017Shipping bill is deemed a refund application for IGST paid on exported goods once the EGM and a valid GSTR-3B are filed
    • Rule 61A, CGST Rules 2017Quarterly return option with monthly payment

  3. Analysis

    An exporter in QRMP exporting in April may wait till July for refunds. If refunds are large, consider moving to monthly filing at the next opt-out window. Compare the cash flow benefit with the extra filing effort.

  4. Conclusion

    1. Estimate the cash blocked under quarterly filing.
    2. Check the opt-out window for monthly filing.
    3. Switch if worthwhile.
    4. File returns promptly either way.

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Refund of IGST paid on export of goods via shipping bill

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