2
Refund Under GST In which situation Refund Allowed? In which situation refund Not Allowed? What is Time period for making Application ? What are the Documents Required for Application? Period in which refund may be granted? 1. Export 2. Zero Rated Supplies 3. Rate of Tax on input is more than output 1. Nil rated supplies 2. Exempted Supplies 3. Normal Supplies In case of Export: 2 Years from the date of export In Other case: 2 years from the last date for Up-to Rs. 5.00 Lakh: Only Self Declar- ation Required Above Rs.5.00 Lakh: Document Specif-ying that claim is due and taxes has been paid. 60 Days from the date of valid applica tion

GST- Refund process under GST brief

Embed Size (px)

Citation preview

Page 1: GST- Refund process under GST brief

Refund Under GST

In which situation Refund Allowed?

In which situation refund Not Allowed?

What is Time period for making Application?

What are the Documents Required for Application?

Period in which refund may be granted?1. Export

2. Zero Rated Supplies3. Rate of Tax on input is more than output

1. Nil rated supplies2. Exempted Supplies3. Normal Supplies

In case of Export: 2 Years from the date of export

In Other case: 2 years from the last date for which it relate.

Up-to Rs. 5.00 Lakh: Only Self Declar-ation Required

Above Rs.5.00 Lakh: Document Specif-ying that claim is due and taxes has been paid.

60 Days from the date of valid application

Page 2: GST- Refund process under GST brief

CA Nikhil MalaiyaCell: 9545727818

E-mail: [email protected]

CA Mayur ZanwarCell: 9422855595

E-mail: [email protected]