GST REFUND

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What is GST Refund?

There are many cases where refund can be claimed. GST refund is a process When the GST paid is more than the GST liability by a registered taxpayer. we can claim GST refund after submit the refund application with GST portal.

Why do you need GST Refund?

GST Refund is required because company’s/ Assesses money get involved due to paying excess input tax more than GST liability. Cash flow also increases when we get GST refund.

How to Update/Edit PAN Details?

You can change/update the PAN details by filling PAN change application by attaching desired
documents for change.

Advantages of PAN card

1.) Tax deduction.

2.) Starting a business.

3.) Claiming refund from income tax.

4.) Buying a car.

5.) Opening a Bank/Demat account.

Disadvantages of PAN card

1.) Once you are alloted a PAN, you cannot escape from Income Tax department.

2.) You have to produced PAN card for some specific transactopns

Our Packages

Basic - GST Refund

Inclusive Government Fees

Starting at ₹ 9999GST will be charged at 18%

• GST Refund
• Digital Signatures
• Fast Track Application

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Document Information

Documents for GST Refund

1.) GSTR 1 with table 6A.

2.) GSTR 03 B

3.) Copy of All Purchase Bills

4.) Copy of All Sales Invoices and Export Invoices

5.) Copy of Packing List (Item Details)

6.) Copy of Shipping Bills

7.) Copy of Bill of Lading/Airway Bill

8.) Copy of EBRC/FIRC

9.) LUT (Letter of Undertaking)

10.) Bank Statement

11.)Undertaking/Indemnity Bond to the effect that the dealer will refund the amount if paid in excess.

12.)CA Certificate if GST refund more than 2 Lakhs.

Steps

Process Involved

STEP – 1

Documents

STEP – 2

Preparation of documents

STEP – 3

Filing of GST Refund application in (GST RFD -01)

STEP – 4

Received GST RFD-02 from department if department find the application in order.

STEP – 5

In case any issue in GST refund application will be communicated to assessee in GST RFD 03 by department within 7 Days from filling of GST RFD-01.

STEP – 6

If GST RFD -01 is in order, then Officer will pass an order in GST RFD-04 sanctioning the amount due within 7 days from the date of acknowledgment of RFD-01.

STEP – 7

The office will pass as order for refund in GST RFD 06 and issue a payment advice in GST RFD 05.

STEP – 8

Order of RFD 05 may be passed within 60 days from the date of receiving a complete application.

STEP – 9

The assessee receives the amount of refund within 7 days from the date of RFD 05.

Need Help?

FAQs

Who can claim for GST refund?

A registered person may claim refund of unutilized input tax credit at the end of any tax period. A tax period is the period for which return is required to be furnished. Thus, a taxpayer can claim refund of unutilized ITC on monthly basis.

Can a normal person claim GST?

No, any taxpayer can claim a refund of any tax, interest, penalty, fees or any other amount paid by him by filing an application electronically in FORM GST RFD-01 through the GST Common Portal or through a GST Facilitation Centre.

How much can I claim GST refund?

One can claim unutilized balance of GST as refund by filing the application. A certificate from the Cost Accountant or Chartered Accountant will required if the amount of refund exceeding Rs 2 lakhs. The GST refund application may then either undergo inspection or an audit, as the case may be.