GST Refund

GST Services / GST Refund

GST Refund can be claimed in various scenarios under the GST regime:

Refund of excess tax paid
Refund of tax paid on export of goods/services
Refund of tax paid on supplies made to SEZ units/developers
Refund of accumulated Input Tax Credit (ITC)
Refund of tax paid on inward supplies used for export

Refund of tax paid on supplies where recipient is unregistered
Refund of tax paid on account of inverted duty structure
Refund of tax paid on account of assessment/provisional assessment
Refund of tax paid on account of any judgment, decree, order or direction
Refund of tax paid on account of any other reason

Types of GST Refunds:

1. Refund of Unutilized ITC

Refund of accumulated ITC due to inverted duty structure or export of goods/services without payment of tax.

2. Refund of Tax Paid

Refund of tax paid on supplies made to SEZ units/developers or on account of any other reason.

3. Refund on Export

Refund of tax paid on export of goods/services or on inputs used in export.

4. Refund on Deemed Export

Refund of tax paid on supplies notified as deemed exports.

Refund Process:

Filing of refund application (RFD-01) on GST portal with supporting documents
Verification of application and documents by the tax officer
Processing of refund application within 60 days from the date of receipt
Sanction and disbursement of refund amount to the registered person's bank account
Interest payment if refund is delayed beyond 60 days

Important Points:

Refund application must be filed within 2 years from the relevant date
Supporting documents must be submitted along with the refund application
Refund can be claimed only if the tax has been paid and returns have been filed
Interest is payable if refund is delayed beyond the prescribed time limit
Refund can be adjusted against any outstanding tax liability

Consult With Our Expert

For selecting the best form of ownership structure.
For Documents Required for Registration & Compliance
For Profitable Business Ideas etc.

Industries we served

Micro, Small, Medium Enterprises (MSMEs) and Large Enterprises

Trading Companies

Processing Companies

Manufacturing Companies

Services Companies

+91 97890 67232

aayarpadi2020@gmail.com

No.31/66, Bhavaji Nagar 1st Street, Chengam Road, Tiruvannamalai, Tamil Nadu, India - 606603

Call

Email

Whatsapp

Facebook

Instagram

LinkedIn

Youtube