GST Refund for Business

All businesses and individuals who supply goods and services are liable to pay GST to the Government. However, in certain instances, businesses and individuals might be eligible for a GST refund. A GST refund is the refund of excess GST paid by a business or an...

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GST Refund for Export of Services

  Exports of services are exempted from GST and exporters are eligible to claim the refund of accumulated GST paid towards the inputs procured. For export of services, details of BRC are required to be submitted along with the application for refund.

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GST Refund on Returned Goods

The tax liability will be reduced for the seller and the amount will be reversed from ITC of the buyer’s GSTR-2A and GSTR-2B. If the incidence of tax has been passed to another person (i.e., for any reason ITC cannot be reversed) then there will be no reduction in tax...

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GST Credit Refund

Accumulated Unutilized input tax credit can be allowed as refund in accordance with the provisions of sub-section (3) of Section 54 of The CGST Act, 2017 in the case of zero-rated supplies and accumulation is on account of inverted duty structure

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GST Refund on Export of Goods

"The exporter need not file a refund application because the shipping bill (or bill of export) is considered one. A shipping bill is an application for customs clearance and one of three mandatory export documents. It is filed on Icegate, Indian Customs’ website. A...

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GST Tax Refund

Any excess or erroneous amount deducted and paid to the government account shall be dealt with for refund under section 54 of the CGST Act, 2017.

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