Usually when the GST paid is more than the GST liability, then the such excess amount has to be claimed as GST Refund. The government has made many rules and regulations so far as regards to GST Refunds of balance available in electronic cash ledger account and Credit ledger account.
|Reason for claiming GST Refund||Relevant Date|
|Excess payment of GST||Date of payment|
|Export or deemed export of goods or services||Date of dispatch/loading/passing the frontier|
|ITC accumulates as output is tax exempt or nil-rated||Last date of financial year to which the credit belongs|
|Finalization of provisional assessment||Date on which tax is adjusted|
|1 -|| Refund Application in Form GST RFD -01 / 10 (FOR EMBASSIES) will be filed at the common portal along with Statement of
inward supplies of goods/services by embassies, etc in Form GST RFD -11 and other evidences establishing that the amount of any tax and interest is
refundable. and Acknowledgment will be issued in Form GST RFD -02.
Note: if Refund amount is less than Rs 2 lakhs than only declaration for the above will serve the purpose.
|2 -||Deficiencies in application will be communicated in Form GST RFD -03, if any otherwise Provisional Order for refund amount / Payment advice will be issued in Form GST RFD -04 / 05|
|3 -||Notice will be issued if Refund not acceptable in Form GST RFD -08|
|4 -||Reply to which has to be submitted in Form GST RFD -09|
|5 -|| Final Order for sanctioning Refund will be issued in Form GST RFD -06 along with order for adjustment of outstanding
demands (if any) with refunds in Form GST RFD -07.
The refund shall be granted within 60 days from the date of receipt of complete application. Interest is payable on delayed payment.