Major GST Portal Enhancement: Refund Claims Simplified
In a significant move benefiting businesses and tax professionals, the GST portal has introduced a major update to simplify refund claims under categories like assessment, enforcement, appeal, revision, and other orders.
Earlier, taxpayers faced restrictions in claiming refunds if their overall Demand ID showed zero or positive — even when certain subcategories had negative balances. This often led to unnecessary delays, compliance challenges, and financial stress for businesses.
What’s New:
- Refunds are now permitted when any minor head shows a negative balance, removing earlier limitations.
- The RFD-01 form now auto-populates only negative amounts, reducing manual errors and simplifying filing.
- A new intelligent suggestion feature automatically identifies the most recent order related to the negative balance and provides tooltips to guide users in entering correct Order and Demand ID details.
These enhancements make the refund process faster, more accurate, and user-friendly - helping businesses recover funds efficiently while reducing compliance time.
At Shreyas Management Consulting Services, we continuously monitor such vital updates to keep our clients informed and compliant with the latest GST developments.
For professional GST advisory and refund assistance, contact Shreyas Management Consulting Services today and stay ahead with expert guidance!
Shreyas Management Consulting Services
Corporate Office: 1st Floor, Old No: 9, New No: 6, D’Monte Street, Santhome, Chennai – 600 004
Call: +91 97898 07453
Email: [email protected]
Website: www.shreyasglobal.com
