RFD-01 is an application form used under India’s GST system to claim a refund of eligible taxes or amounts. It is filed electronically on the GST portal by registered taxpayers who are entitled to a GST refund.
Businesses may use RFD-01 for refunds such as accumulated input tax credit on zero-rated supplies made without payment of IGST, subject to the applicable GST rules. The application includes details of the refund claim and supporting documents.
How It Works:
- Taxpayer identifies an eligible refund.
- Refund application is filed in RFD-01.
- Required documents are submitted.
- The GST officer reviews the claim.
- Eligible refund is processed.
Benefits:
- Enables businesses to claim eligible GST refunds
- Provides an online refund process
- Helps recover eligible tax amounts
- Supports proper GST compliance
Example:
An Indian exporter makes eligible exports under LUT and accumulates input tax credit. The exporter files RFD-01 to claim the eligible refund of unutilized ITC.