The Government of Uttar Pradesh on November 08, 2024, issued the notification regarding the Mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports.
The following has been stated namely: -
• The following procedure has been laid down for the claim and processing of refunds of additional integrated tax paid on account of upward revision in prices of goods subsequent to their exports
o An exporter may file an application for refund of such additional IGST paid in FORM GST RFD-01 electronically on the common portal and such application for refunds would be processed by the jurisdictional GST officer of the concerned exporter.
o GSTN is in the process of developing of a separate category of refund in FORM GST RFD-01, for filing an application of refund of such additional IGST paid
o The said refund application shall be processed based on the documentary proof submitted by the refund applicant
• No refund under sub-section (5) or sub-section (6) shall be paid to an applicant, if the amount is less than one thousand rupees.
[Notification No. 226/20/2024-GST]
