Refund on Zero-Rated Supplies
Refund of output tax paid on zero-rated supply of goods and/or services.
Notices & Advisory
GST Refunds
Understanding GST Refunds. GST refunds play a crucial role in ensuring fair taxation and alleviating financial burdens on businesses and individuals.
Our GST Refund Services
Our digital experts, designers and developers deliver visible and valuable results. Understanding the various scenarios applicable for GST refunds and the process for claiming them is essential for businesses and individuals to ensure compliance with GST regulations and to alleviate financial burdens where applicable. By adhering to the prescribed guidelines and timelines, taxpayers can successfully claim refunds and manage their tax obligations effectively.
Application Deadline
GST refund applications must be filed within 2 years from the relevant date. The concept of the 'relevant date' varies depending on the specific instance of GST refund being claimed.
Relevant Date
The concept of the 'relevant date' varies depending on the specific instance of GST refund being claimed. For exports, it could be the date of export or date of receipt of FIRC; for refund of accumulated ITC, it could be the end of the financial year. Our team determines the correct relevant date and ensures the refund claim is filed well within the 2-year window.
Key Advantages
Types of GST Refunds
Refund of Input Tax
Refund of input tax on inputs or input services used for zero-rated supplies.
Refund on Deemed Exports
Refund of tax levied on goods categorized as deemed exports.
Inverted Duty Structure Refund
Refund of unutilized input tax credit due to an inverted duty structure.
Excess Payment
Refund due to overpayment of GST resulting from errors or inadvertence.
Finalization of Provisional Assessment
Refund upon finalization of provisional assessment.
Special Cases
Refund of tax paid by specific entities such as bodies of the United Nations or para-military forces.
Appeals
Refund of tax on pre-deposit if appeal is held in favor of the Assessee.
Electronic Cash Register
Refund for additional balance in the Electronic Cash Register.
Supplies to SEZs
Refund of tax levied on supplies made to Special Economic Zones (SEZs).
Miscellaneous Refunds
Other types of refunds as specified under GST regulations.
The Process
How we deliver
01
Eligibility Assessment
Determine refund category and quantum based on transaction nature.
02
Documentation Pack
Invoice, shipping bill, FIRC, and bank realisation matched.
03
RFD-01 Filing
RFD-01 filed online with comprehensive annexures and statements.
04
Active Follow-Up
Active follow-up with the proper officer until refund order or credit.