REFUND UNDER GST

The idea of GST refund applies to any amount recovered by the Government that was:

  • Paid by the registered taxpayer in case of excess payment
  • He was not liable for the taxes.

The GST law requires that any refund claim should be only allowed to file within 2 years from the payment date. Furthermore, Section 34 of the CGST Act, 2017 provides for the approval of account receivables for rebates on post-delivery, or if goods are transferred within a specified time.

Frequently Asked Questions​

The request for a refund must be submitted in Form RFD 01 within 2 years from the date of the event.   A Chartered Accountant would also need to certify the form.

 

 

There are some situations where you can demand a refund. Here are a couple of them-

  • Tax overpayment is made due to error or omission.
  • Dealer Exports (including deemed export) goods/services on rebate or refund claim
  • ITC accumulation because of tax-exempt or nil-rated output
  • Tax refund paid on purchases made by Embassies or UN agencies
  • International Visitor Tax Refund
  • Finalization of intermediate assessment

A refund claim can be applied by reasons:

  1. Goods or services Export
  2. Supplies to production teams and SEZs
  3. Supplies considered for sale
  4. Refund of UN or U.N. sales feeEmbassy etc.
  5. Refund arising from decision, decree, orderOr the Appellant's Directorate, JudicialOr any tribunal
  6. Refund on account of accrued production tax creditInverted Customs System
  7. Finalization of intermediate appraisal
  8. Pre-deposit refund
  9. An overpayment due to error
  10. Refunds passed on to overseas GST visitorsGoods kept in India and abroad at the time of their transportationHeading off from India
  11. Rebate attributable to rebate coupons issuedFor taxes levied on advances in terms of which products orServices were not given
  12. CGST & SGST refund charged for the condition of283 283The market as an intra-State market, after whichKeep as supply between States, and vice versa.

Let's consider a small case of making excess tax payments. For the month of September Mr. A's GST liability is Rs 50000. But Mr. A made a GST payment of Rs 5 lakh due to mistake. Mr. A has now made an excess GST payment of Rs 4.5 lakh which he may claim as a refund. The deadline for claiming the refund is 2 years from payment date.

Under GST the tax payable is divided mainly into 3 –

IGST – Payable in case of interstate supply (payable to center)
CGST – Payable when making state supplies (payable to center)
SGST – Payable when delivering within the state (payable to state)

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SAM GETSUGA
SAM GETSUGA
2020-09-06
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AVS and associates is extremely professional. They take care of all The things abiding by law and integrity whether it’s a tax management or company registration. They have registered a company and took care of the taxes without me breaking a sweat, they took care of everything proactively. I’m extremely satisfied and would recommend to anyone and everyone.
Kavita Sharma
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2020-09-02
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AVS and associates is a very professional team. They handle all things abiding by law and takes out your burden of tax management , assets and all very very precisely up to the point. It’s great working with the team.
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