Goods and Services Tax (GST)
GST Refund Application
GST Refund in India: A Guide for Businesses
The Goods and Services Tax (GST) regime in India allows for claiming refunds under various scenarios. This can improve your cash flow and working capital.
Scenarios where GST Refund can be claimed
- IGST paid on exports of goods and services (without payment of tax).
- IGST paid on supplies made to SEZ unit/SEZ developer (with or without payment of tax).
- ITC accumulated due to inverted tax structure (tax on inputs higher than a tax on outputs).
- Excess Tax payment in Electronic Cash Ledger
- Tax paid on an intrastate supply later held as interstate supply and vice versa.
- On account of Assessment or Provisional Assessment or Appeal or any other order.
- Refund on ‘Any other ground’
Required Documents
Documents Required for GST Refund
- Original Invoice copy
- Shipping Bill or Bill of Export
- Bank Realisation Certificate
- Refund Undertakings
