Process Of Refund Application Filing of Taxes / ITC under GST

Refund application in all cases are to be filed electronically at the GST Common portal. Refund will be segregated into CGST, SGST, UTGST, IGST, Cess, Interest, penalty, Fee and others. Formats for different types of refund are prescribed. On filing of refund application online, the same will be transmitted by GST common portal to the proper authority of Centre or State after validating certain information from different databases. In case some issues are recognized in the course of validation, the same will be transferred to the proper officer in the form of flag by the system. However, GST Common portal will not disallow any application on any issue pertaining to law or the statutory power of the officers like time bar, validation failure, inappropriate documentary evidence etc.

Since refunds are subject matter of two principles (1) unjust enrichment - which means the amount of tax if passed on to the consumer, no refund and (ii) adjustment of refundable amount against recoverable liability of the applicant, no suo motu refund may be allowed. However, the proper officer may, in the case of any claim for refund on account of export of goods and/or services made by Registered taxpayers (other than such category of registered person as may be notified by the Govt. of India), give refund on a provisional basis 90% of the total amount of refund so claimed, excluding the amount of input tax credit provisionally accepted, in the manner and subject to such conditions, limitations and safeguards as prescribed under Refund Rules.

Refund will be allowed only for the matched invoices, except in the cases where refund is due to any statutory order of the court/tribunal etc. Payment of the refund amount will be credited to the account specified by the registered person while registering himself at GST portal. All application of refund will be submitted after digital Signature/e-signing.

For disbursement of refund, Pr. CCA/Accounting Authorities of the States will be integrated with the GST common portal and the refund advice for disbursement will be transmitted online. These agencies will look after the disbursement, accounting and reconciliation of the refunds.

The period for filing of the Refund application are specified below:

1.         Excess balance in Cash Ledger - Financial year and Month

2.         Exports with Payment of Tax - Return Period

3.         Export without payment of Tax - Accumulated ITC - Return Period

4.         Statutory Order - Same period as mentioned in the order (FY and Month)

5.         Accumulation of ITC due to Inverted duty structure- Return Period

6.         Supplies Received by SEZ /Developer or Recipient of Deemed Exports)
- Return Period

7.         Tax paid on a supply which is not provided, either wholly or partially, and for which invoice has not been issued - Return Period

8.         URD - Return Period as per Supplier’s Return Form

9.         Embassy/International Organization - Financial Year and Quarter

 
Related Topics ....
Classification Of Refunds of Taxes / ITC under GST
Law And Processes For Different Types Of Refunds of Taxes / ITC under GST
Process Of Refund Application Filing of Taxes / ITC under GST
Documents Required For Filing Of Refunds of Taxes / ITC under GST
Transitional Provisions Pertaining To Refund of Taxes / ITC under GST
Verification Process of Refund of Taxes / ITC AT GST Common Portal
SANCTION OF REFUND of Taxes / ITC under GST
 
 
 
GST (India)
F.A.Q. on GST
GST Forms Download
GST Compensation Law
GST Enrollment Process
GST Law & Act.
GST Rules
GST Schedule ( I to V )
IGST Law & Act.
GST A Practical Knowledgebase
Filing GST Return
Enroll & Registration with GST
GST Office Tool to File GST Return
LIBRARY @ Tax Management
TAX & INVESTMENT GUIDE FOR "NRI"- Non-Resident Indians !
GUIDE & FAQ @ TAX
GRAPHICAL PRESENTATION @ TAX
TIPS & TRICKS @ TAX
MANAGERIAL & FINANCIAL DECISIONS @ TAX
5 GOLDEN RULES OF TAX PLANNING
FAMILY TAX PLANNING
DEDUCTIONS FROM YOUR INCOME
EXEMPTED INCOMES
HUF - FORMATION, MANAGEMENT & TAX PLANNING
COMPUTATION OF GROSS TOAL INCOME
INCOME TAX @ GLANCE
MULTIPLE KNOWLEDGEBASE ON TAX
51 TIPS ON TAX PLANNING
APPEALS UNDER INCOME TAX
ASSESSMENTS
PENALTIES UNDER IT DEPATMENTS
TAX SAVING SCHEMES
TAX READY RECKONER
TAX RATES
PROSECUTIONS UNDER INCOME TAX DEPARTMENT
TAXATION SYSTEM IN INDIA
CHARITABLE & RELIGIOUS TRUST - TAXATION
PRESCRIBED FORMS WITH with Section / Rules
 
TAX @ KNOWLEDGE BASE !

Most Popular Links :

Clubing of Income Deduction U/s 80C
Allowances Us-17(3) Exemption-Salary
Tax Amendment-2015 Taxable Income
Clubing of Income Tax Deductions
HUF Deduction HUF Investment
Gift by HUF HUF Tax Planning Tips
Tax Saving Schemes Tax Planning Tips
Refund of Tax Fringe Benefit Tax-FBT
Return Filing Assessment / Scrutiny
Notice from I.T. Dept. Incomes Types @ TDS
Exemptions-Tax Returns “Summon” U/s 131
'Black Money' @ I.Tax Big Gifts To Be Taxed
'Appeals' under I.Tax Assessment @ I.Tax
Exempted Incomes Capital Gain
Business & Professions House Property
Salaries @ I.Tax Partnership Firm
'Penalty' under I.Tax Act. Tax Ready Reckoner
Charitable Trust Useful Links @ I.Tax
 
Guide & FAQ on Tax Knowledgebase @ Taxation Income Tax @ Glance HUF - Formation, Planning & Taxation
Charitable & Religious TRUST NRI (Tax Planning,Saving,Investemnt) Tax Tutorials GST (FAQ, Law, Act. Rules, Schedule, Enrollment)
FAQs - Income Tax India    

Disclaimer:
All efforts are made to keep the content of this site correct and up-to-date. But, this site does not make any claim regarding the information provided on its pages as correct and up-to-date. The contents of this site cannot be treated or interpreted as a statement of law. In case, any loss or damage is caused to any person due to his/her treating or interpreting the contents of this site or any part thereof as correct, complete and up-to-date statement of law out of ignorance or otherwise, this site will not be liable in any manner whatsoever for such loss or damage.

The visitors may click here to visit the web site of Income Tax Department for resolving their doubts or for clarifications

Tally.ERP9 Book Online Order Tally.ERP9 Book Content