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CMA Final · Indirect Tax Laws and Practice · GST Refunds - Inverted Duty Structure and Zero Rated Supplies

Under rule 89(2), what is required with a refund claim exceeding two lakh rupees to show that the incidence of tax has not been passed on, subject to the stated exceptions?

A certificate in Annexure 2 of FORM GST RFD-01 issued by a chartered accountant or cost accountant is required where the claim exceeds Rs 2,00,000. A simple declaration applies only to claims up to Rs 2,00,000, and some categories are exempt from both.

  1. AA certificate in Annexure 2 of FORM GST RFD-01 issued by a chartered accountant or a cost accountantCorrect
  2. BA self-declaration by the applicant
  3. CA certificate from the jurisdictional Commissioner
  4. DA statement of invoices received and issued in the tax period

Explanation

For claims exceeding Rs 2,00,000, clause (m) requires an Annexure 2 certificate from a chartered accountant or cost accountant. A declaration suffices only where the claim does not exceed Rs 2,00,000. The statement of invoices relates to inverted duty claims.

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