Form GST RFD 02
Once form RFD-01/01A is filed, an acknowledgement of the same is available on the GST Portal. This acknowledgement is called as RFD-02. This form RFD-02 starts with the Application Reference Number (ARN) of RFD-01/01A.
Fields of Form RFD-02
Acknowledgement Number: This is the number of form RFD-02
Date of Acknowledgement: The date on which RFD-02 is issued
GSTIN: GSTIN/UIN/temporary ID, if available is included here
Taxpayer Name: The name of the applicant who filed RFD-01/01A is included here
Form No.: The form whether RFD-01/RFD-01A against which RFD-02 is issued is mentioned here
Form Description: The description of the form RFD-01/01A is mentioned here
Centre Jurisdiction/State Jurisdiction: The jurisdiction in which the refund falls is selected.
Filed By: Name of the authorized signatory for the mentioned GSTIN
Place: The place of the mentioned GSTIN is mentioned here
Refund Application Details: This table gives details of RFD-01/01A, like tax period, date and time of filing, the reason for refund
Amount of Refund Claimed: The details of the heads for which refund is claimed is provided in this table. Like Tax, Interest, Penalty, Fees and Others. These heads are further categorized as IGST, CGST, SGST and CESS.
This RFD-02 form is to be issued within 15 days from the date of filing/resubmission of application if the details filed in form RFD-01/01A is found correct else RFD-03 is issued.
In the next blog, we will cover RFD-03 in detail.
GST Refunds is a major part of the Goods and Services Tax System. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernization of existing business.
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