Post by: Peter in Compliance GST
GST Refund Claim - By Order Prior to understanding the procedure to claim a GST refund, first of all, let us know the flow of activity and applicability for refund procedure. The following narrates the relevant flow of activity: The…
Post by: Renu Suresh in GST
GST RFD–01 RFD–01 is an application for processing refund under GST. Any individual registered under GST can claim a refund of taxes, interests paid more than the accumulated input tax credit in the electronic credit ledger where the output tax liability…
GST Refund –Excess Payment of Tax Any person having GST registration can claim the refund when the taxpayer has paid excess tax in the form of the advance tax, tax deducted or collected at source, self-assessment tax, tax paid on…
GST Refund - Intra-State and Inter-State Supplies As per the provisions of CGST/SGST Act, the tax levied on the particular supply of goods and services can be claimed for a refund by the taxpayer. Likewise, a person having GST registration…
Voluntary Payment of GST Payment of GST on a voluntary basis is a facility that is provided to the taxpayers to make payment under Section 73 or 74 of the CGST Act, 2017. This payment has to be made within 30…
Post by: IndiaFilings in GST
GST Refund Claim Processing of timely GST refunds will help businesses and facilitate trade through the release of blocked working capital funds. Under GST, the GST Council created a standardized system to process GST refund claims in a simple procedure…
