Answer

1. F

   Facts

   Refund must be filed within two years from the relevant date under Sec 54(1). For export of services, the relevant date is the date of receipt of payment in foreign exchange where payment comes after the invoice, or the invoice date where payment was received in advance.

2. P

   Provisions and law

   • Sec 54(1), CGST Act 2017Refund to be claimed within two years from the relevant date
   • Rule 89, CGST Rules 2017Application for refund in RFD-01 with the prescribed statements
3. A

   Analysis

   If you raised an invoice on 10 March 2024 and received payment on 5 May 2024, the two years run from 5 May 2024, so file by 4 May 2026. The portal does not stop late claims, but the officer will reject them as time barred. Track the relevant date per invoice, not per quarter, because one late invoice can sit inside an otherwise valid claim.

4. C

   Conclusion

   1. 1List each export invoice with its payment receipt date
   2. 2Mark invoices nearing two years
   3. 3File the claim for older invoices first
   4. 4Do not mix time barred invoices into a claim

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.