Refund under GST as per section 54

What can be claimed as Refund?

  • ANY unutilized input tax credit (whether supply has been made as Zero-rated or Taxable supply under inverted duty structure)
  • Tax paid by any specified agency (Like UN, Red Cross, Embassies)

What procedures need to be followed?

  • File application u/s 54(1) within 2 years if claiming refund of any tax or interest paid by him, this can be claimed by filing return “RFD-1”
  • File application u/s 54(1) anytime to claim refund in the return furnished u/s 39 of any amount available in electronic cash ledger u/s 49(6), this can be claimed by making a refund application

If you have any balance in GST Credit account or you have paid the Tax/Interest, and you wish to claim the same as refund, we will be happy to clarify the positions.

 

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