GST Refund

Overview

Regularly when the GST paid is higher than the GST liability a state of claiming GST refund arises. Under GST the method of claiming a refund is patterned to avoid interference. The process is online and interval boundaries have also been fixed for the same.

One can claim a refund of the GST amount under the following conditions:

Export of products or Services
On account of Input tax credit saved due to Inverted Duty Structure
Excess tax is given over Casual Taxable Person(CTP) or Non-resident taxable person(NRTP)
Excess credit in Electronic Cash Ledger
Excess payment of tax
On account of assessment/ appeal/ order etc
Upon the account from tax-funded by Embassies or UN bodies

In case your refund case doesn’t belong in any of the above situations, get in touch with our experts in Book My Consultants to understand your status.

Choose Your Package

All Inclusive Pricing – No Hidden Fee

Basic
- ₹ 7000
- 1 Year Accounting & GST Filing for business
  with less than Rs.15 lakhs turnover.
  - Return for Refund Filing
  - Refund Followups
  - Input Tax Credit Reconcilation
  - GST Accountant Support
  - Accounting Software
- Purchase Now

Premium
- ₹ 10000
- 1 Year Accounting & GST Filing for business with
  Rs.15 lakhs to 75 Lakh turnover.
  - Return for Refund Filing
  - Refund Followups
  - Input Tax Credit Reconcilation
  - GST Accountant Support
  - Accounting Software
- Purchase Now

Ultimate
- ₹ 15000
- 1 Year Accounting & GST Filing for business
  with Rs.75lakhs to 150 Lakh turnover.
  - Return for Refund Filing
  - Refund Followups
  - Input Tax Credit Reconcilation
  - GST Accountant Support
  - Accounting Software
- Purchase Now

Benefits

Availability of restricted funds for business purpose

Time - bound manner

Interest on late refunds

Standardized & completely online method

Documents Required

GST login credentials

Details of Sales & ITC along with their invoices

Full set of Export documents

LUT/Bond in case of exports

Declarations as specified by law

Filed GST returns

Reconciliation of ITC with Form 2A

Clear All Your Doubts !

What if the government doesn’t pay my refund back within the stipulated time?

In such cases, the government is required to pay you an interest of 24% once a year on your refund amount for every day of delay.

Is CA certification required just in case of Refund application?

Yes, in some instances CA certificates are required while applying for a refund under GST law.

Will I get my GST refund in Cash or my Bank account?

You will always get all of your GST refunds in your bank account to maintain transparency.

What is the Letter of Undertaking (LUT) or Bond?

A Letter of Undertaking (LUT) or Export bond may be a document that exporters can file to export goods or services without having to pay taxes. LUT can be filled online

What is the Inverted Duty structure?

When your purchases are taxed at a better rate compared to your sales, and then it's evident that you will always have more ITC to hide your output. In such cases, you'll claim a refund of your Excess ITC.

Let’s start your business journey with Book My Consultant.

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