ELECTRONIC REFUND FORM GST RFD-01 SINGLE DISBURSEMENT

The Electronic Refund Form GST RFD-01 Single Disbursement is a simplified process for claiming GST refunds.

It replaces the earlier process of filing multiple refund applications for different tax periods and types of taxes.

The RFD-01 form can be filed online through the GST portal.

The form requires the taxpayer to provide details of the tax period, tax type, and amount of refund claimed.

Once the form is submitted, the GST portal will generate an acknowledgement number and the refund amount will be credited to the taxpayer's bank account.

The RFD-01 form also allows taxpayers to claim interest on delayed refunds and provides for the adjustment of any outstanding tax liabilities.

Overall, the Electronic Refund Form GST RFD-01 Single Disbursement simplifies the process of claiming GST refunds and reduces the burden on taxpayers.