How do I claim my GST refund?
Step 1: Log in to the GST portal, go to the ‘Services’ tab, click on ‘Refunds‘ and select the ‘Refund pre-application form’ option. Step 2: On the page displayed called ‘Refund pre-application form’, fill in the details asked, and click on ‘Submit’.
Who can claim refund under GST?
As per Section 54(3) of the CGST Act, 2017, a registered person may claim refund of unutilised input tax credit at the end of any tax period. A tax period is the period for which return is required to be furnished. Thus, a taxpayer can claim refund of unutilised ITC on monthly basis.
How many days GST refund will I get?
The refund on provisional basis shall be issued in Form GST RFD 04 within 7 days from the date of acknowledgement. The acknowledgement is normally issued within 15 days but in case of refund of integrated tax paid on zero rated supplies, the acknowledgement would be issued within a period of 3 days.
How do I check my GST refund?
Login to the GST Portal. Navigate to Services > Track Application Status > Select the Refund option > Enter ARN or Filing Year > Click SEARCH to track your refund application after logging into the GST Portal.
Can individual claim GST refund?
Any taxpayer can claim a refund of any tax, interest, penalty, fees or any other amount paid by him by filing an application electronically in FORM GST RFD-01 through the GST Common Portal or through a GST Facilitation Centre.
Can refund be claimed in GST?
Under GST, the applicant should file GST refund claims within 2 years from the relevant date. If the claim is in order, the refund has to be sanctioned within a period of 60 days from the date of receipt of the claim. Interest on the withheld refund shall apply at the rate of 6%.
Can an individual claim GST?
Accordingly, a registered GST individual is typically eligible to avail credit of GST paid on financial services (like banks, additional interest charged for default in payment). … Also, it needs to be ensured that the registered taxpayer receives the goods or service, and supplier of service pays tax to the government.