Live
- Is 'Kanguva' the Most Expensive Film Ever Made in Suriya's Career?
- Massive Support for BS Maqbool as Nomination Process Evokes Public Support in Kadiri Constituency"
- Raghurama Krishnam Raju Holds Election Campaign in Gollalakoderu, Garagaparru and Maipa Villages
- 100 People Join TDP from YCP in Srikalahasti, MLA Candidate Bojjala Venkata Sudhir Reddy Receives Warm Welcome
- KK Raju campaigns during morning walk at Port Stadium, urges voters to support YSR Congress Party
- Mega brother’s mother Anjana Devi unveils promising teaser of RK Sagar’s ‘The 100’
- "Vasupalli Ganesh Inaugurates 33rd Ward YCP Party Office
- ‘Family Star’ heads to OTT: This Vijay Deverakonda starrer makes digital debut
- Tamannaah Bhatia join the sets of ‘Odela 2’
- Swift CID investigation to ensure severe punishment to the accused: CM
GST Network begins online refund process
GST Network, the IT backbone of the indirect tax system, on Thursday unveiled an online refund process as decided by the GST Council.
New Delhi: GST Network, the IT backbone of the indirect tax system, on Thursday unveiled an online refund process as decided by the GST Council.
With the deployment of online refund functionality, taxpayers can now file refund application (in RFD 01 form) easily and tax officers can process the same online, GST Network said in a statement.
All communications between taxpayers and tax officers will also be online. The online refund process has become effective from September 25, 2019, on the 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.
GST Network CEO Prakash Kumar said the new refund process will create a seamless experience for both taxpayers and tax officers.
