GST Refund
- We prioritize transparency in communication, keeping you informed at every step.
- expertise ensures that refund claims are processed in the shortest possible time.
- From compliance to refund claims, we provide comprehensive GST support tailored to your needs.
FREE CONSULTATION
We specialize in streamlining and expediting the process of claiming GST refunds. As a business owner, ensuring maximum cash flow and financial efficiency is crucial. Our expert team simplifies the complex GST refund process, ensuring that you receive your eligible refunds quickly and hassle-free.
With years of industry experience, our dedicated professionals are well-versed in GST regulations and refund procedures. We stay updated with the latest developments, ensuring that you remain compliant while maximizing your refunds.
Why Choose Us for Your GST Refund?
- Client-Centric Approach – We prioritize transparency in communication, keeping you informed at every step.
- Quick Turnaround Time – Our expertise ensures that refund claims are processed in the shortest possible time.
- One-Stop GST Solution – From compliance to refund claims, we provide comprehensive GST support tailored to your needs.
Frequently Asked Question
1. What are the different types of GST Refunds?
| Type of Refund | Applicable Scenario |
|---|---|
| Export Refund | IGST refund for exports (with or without LUT). |
| Inverted Duty Structure | When input tax rate is higher than output tax rate. |
| Excess Tax Paid | Mistaken GST payment higher than required. |
| Deemed Exports | Refunds for supplies treated as exports. |
| Refund to SEZ | Refund for SEZ supplies (zero-rated). |
| Input Tax Credit Refund | Accumulated ITC due to non-utilization. |
2. What happens if the GST Refund is delayed?
- Interest of 6% per annum is paid if the refund is not processed within 60 days.
3. Can GST Refund be rejected?
- Yes, if incorrect documents are submitted or the claim is ineligible.
4. What is the process if the GST Refund is rejected?
- Taxpayer receives GST RFD-08 (Show Cause Notice for Rejection).
- They must respond within 15 days with justifications.
- If rejected, taxpayers can appeal to the GST Appellate Authority.
5. How are GST refunds processed?
- Refunds are credited to the taxpayer’s registered bank account after verification.
6. Can GST Refund be adjusted against dues?
- Yes, if a taxpayer has pending tax liabilities, the refund can be adjusted.
7. Can ITC Refund be claimed if ITC is not utilized?
- No, refund of unutilized ITC is only allowed for zero-rated supplies or inverted duty structure.
8. Is GST Refund taxable?
- No, refunds are not taxable, but must be recorded in financial books.
9. Can a taxpayer withdraw a GST Refund application?
- Yes, refund applications can be withdrawn before approval by submitting a written request
