Go to Services

Easy Online GST Refund Application filing with Finaccle.

Get your GST Refund Application filed within no time

Enjoy hassle free GST Refund Application Filing with Finaccle

Finaccle lays a groundwork for your business.

2000+

Active Businesses

Managed

Active Businesses

Managed

Active Businesses

Managed

50+

Full-Time

Finance Experts

Full-Time

Finance Experts

Full-Time

Finance Experts

100%

Digital & CA-Supervised

Process

Digital & CA-Supervised

Process

Digital & CA-Supervised

Process

8+ Years

Of Trusted

Compliance Excellence

Of Trusted

Compliance Excellence

Of Trusted

Compliance Excellence

1. Share the data required for GST-Refund.
2. Our team shall apply for the refund on your behalf.
3. Your account shall be credited with the refund amount within the stipulated time period.
IntroductionForms of refundConditionsProcedureWhy finaccleFAQ

Introduction

When the Goods and Services Tax or GST came into the origin, it also brought into place multiple systems and mechanisms for refunds. After that, multiple refund claims have been filed by taxpayers and a standardized form has been introduced. GST Refund is a process in which registered taxpayers can claim excess amount if any paid more than the GST Liability.

The cash flow and working capital requirements of manufacturers and exporters could be adversely affected if a refund is delayed. As a result, one of the intentions of the implementation of GST is to ensure that the refund process is smoother so that manufacturers and exporters do not face issues due to delays. By ensuring that the refund process is facilitated quickly, tax administration becomes more effective.

The GST regime has provisions relating to refunds, and it aims at streamlining and standardizing the procedures about refunds under GST. Therefore, a standardized form has been created to make claims for refunds. The procedure for making claims can be completed online on time.

Refund of IGST in export can be claimed only by reporting it in GSTR-1 and GSTR-3B. Refund of cash paid in excess of electronic cash ledger can be claimed by applying in form RFD-01.

Forms of refund

  • Excess cash balance in electronic cash ledger

  •  Accumulated ITC due to zero-rated sales or inverted tax structure.

  •  Exports of commodities or services

  •  Deemed exports

  • Refund arising from order, judgment, direction or decree of the Appellate Tribunal, Appellate Authority or any court of law

  •  Refund of taxes when embassies make purchases

  •  Excess payment because of an error

Conditions

  • Application must be made within 2 years from the relevant date.
  • GSTR-3B for the relevant tax period should have been filed.
  • The outward supplies are not nil rated or exempt.
  • In case of goods exported:
    → They were not subjected to export duty.
    → No drawback of central tax or claims refund of integrated tax paid on
    supplies have been availed.
  • In case of CTP (Casual Taxable Person)/NRTP (Non Resident Taxable Person),
    all monthly returns have been filed during the period of registration.
  • Application must be made within 2 years from the relevant date.
  • GSTR-3B for the relevant tax period should have been filed.
  • The outward supplies are not nil rated or exempt.
  • In case of goods exported:
    → They were not subjected to export duty.
    → No drawback of central tax or claims refund of integrated tax paid on supplies have been availed.
  • In case of CTP (Casual Taxable Person)/NRTP (Non Resident Taxable Person),
    all monthly returns have been filed during the period of registration.
  • Application must be made within 2 years from the relevant date.
  • GSTR-3B for the relevant tax period should have been filed.
  • The outward supplies are not nil rated or exempt.
  • In case of goods exported:
    → They were not subjected to export duty
    → No drawback of central tax or claims refund of integrated tax paid on supplies have been availed
  • In case of CTP (Casual Taxable Person)/NRTP (Non Resident Taxable Person),
    all monthly returns have been filed during the period of registration.

Contact Us

Procedure

01

Visit the GSTN portal and fill in the application form meant for claiming refund.

02

You will receive an email or SMS which contains an acknowledgment number after the filing of application is done electronically.

03

The cash and return ledger will be adjusted and the "carry-forward input tax credit" will be reduced automatically.

04

The application for refund along with the documents you have submitted will be scrutinised by the authorities with a 30-day period after you have filed the refund application.

05

In case the refund claimed by the individual in excess of the predetermined amount of refund, a pre-audit process will be conducted before the refund is sanctioned.

06

The credit of the refund will be done electronically to the applicant’s account through NEFT, RTGS or ECS.

In case the amount of refund is below Rs.1000, no refund will be provided to the individual.

You focus on your company. We make it happen. Unstoppable Growth.

Why Companies Trust Finaccle

Finaccle provides one-stop integrated Financial-Accounting-Legal solutions to its clients.
You get all Financial, taxation, Accounting, and legal solution under one roof.
We provide End-to-End Support for the refund procedure.
We ensure seamless paperwork.
Quality is what we pursue.
We are always Accessible, Approachable and Accountable.
You can connect with us through mail, what's app, call or personal visit.
We shall provide you the result that will move you.

Got a question?
We've got answers.

Can unutilized Input tax credit be allowed as refund?

Unutilized input tax credit can be allowed as refund in accordance with the provisions of sub-section (3) of section 54 in the following situations: - (i) Zero rated supplies made without payment of tax; (ii) Where credit has accumulated on account of rate of tax on inputs being higher than the rate of taxes on output supplies (other than nil rated or fully exempt supplies).

Can unutilized ITC be given refund, in case goods Exported outside India are subjected to export duty?

Is there any minimum threshold for refund?

What happens if there are deficiencies in the refund claim?

What is the time limit for taking refund?