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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
Disadvantages of PAN card
Starting at ₹ 9999GST will be charged at 18%
- GST Refund
Digital Signatures Fast Track Application
Documents for GST Refund
STEP – 1
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.
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.
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.
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.