GSTN issued advisory on Tracking of GST Refund
Application Status on the GST Portal and PFMS Portal:
1. The GSTN has issued a functionality to track the status of the
refund application that has been available on the GST portal. By utilizing this
functionality, the taxpayers can know the stage at which the refund application
is pending with the tax-officer/ taxpayer.
2. A tax officer can issue payment orders only after the Public Financial Management
System (PFMS) has validated the bank account mentioned in the refund
application (RFD-01). Similarly, the final disbursement of the refund amount
sanctioned by the tax officer happens only after (PFMS) has validated the bank
account mentioned in the payment order (RFD-05). Thus, validation of the bank account
takes place at two stages. However, the exact detailed status of bank account
validation is not available on the GST Portal.
3. The Public Financial Management System (PFMS) of the Controller
General of Accounts (CGA) has made available a central portal to track the
status of bank account validation and disbursal of refund amount.
4. This advisory is being
issued for the benefit of the taxpayers in order to make them aware of the ways
in which they can track the status of their refund applications on both the
Portals.
To download the detailed advisory click here:
No comments:
Post a Comment
Thank you for your comment to Ace Business Academy. We will get back to you soon.