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GST Refund & Rebate

GST Refund & Rebate

Generally when the GST paid is more than the GST obligation a condition of guaranteeing GST refund emerges. Under GST the way toward asserting a refund is institutionalized to maintain a strategic distance from disarray. The system is on the web and time limits have furthermore been set for the same.

Who is able to assert a GST Refund?

1.Excess GST paid erroneously

2.Provides to SEZ components and programmers

3.Refund of gathered Input Tax Credit due to inverted duty structure

4.Export of Goods or Service

5.Re-fund arising due to Judgment, Decree, Get or Route of the Appellate Authority, Appellate Tribunal or any Court,etc.

 

Claim GST refund

The refund application should be applied from type RFD 01 inside only two years by the appropriate day.

The Form must be licensed by a Chartered Accountant.

You May file your returns quite easily with Bashmakh & Co

Note: If you get an incorrect GST rebate claim, then you will not be eligible for a refund. It is best to consult Chartered Accountant to make sure that you are receiving your refund correctly. If you file an incorrect return, you may also be asked to pay a penalty for processing a claim incorrectly everywhere.

Question & Answer Section

If Refund applied on account of Exports or supply to SEZ the following documents are required
In case of export of goods:
a) relevant invoice of the transaction
b) a statement containing the number and date of shipping bills
c) or bills of export and the number and the date of the relevant export invoices
In case of export of services:
a) tax invoices, b) the relevant bank realization certificates evidencing receipt of payment in foreign currency is also required to be submitted. In case of supply to SEZ:
a) An endorsement from the Proper Officer evidencing receipt of such goods/ services in the SEZ along with the Tax Invoice
There is no need to file to file TDS return if no tax has been deducted at source.
The statement where one shall report the details of export made without payment of tax while applying for refund.


Head office

(+91) 8779526602

heena.bashmakh@gmail.com

E/302,Old Nasheman Colony,near Pizza House,Above Sana Medical, Kausa,Mumbra, 400612

Branch office

(+91) 8779526602

heena.bashmakh@gmail.com

1. AEROCITY, unit No 1017, first floor, NIBR Compound, Mohili Village, Sakinaka Safed pool, Mumbai 400072

305-Bashmakh & Co, Silver Enclave, Near Dosti Shill, Thane 400612

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