1 / 8

Claim GST Refunds online with smart solutions at Ezybiz India Consulting LLP

Paid extra taxes and amount, apply online to get GST Refund conveniently with the help of Ezybiz India Consulting LLP. One window solution for refunds.<br>Read More: https://ezybizindia.in/gst-refund-process-a-complete-guide/<br>

gulshanaggarwal
Télécharger la présentation

Claim GST Refunds online with smart solutions at Ezybiz India Consulting LLP

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PRESENTED BY: ANIL AGRAWAL

  2. GST Refund: Meaning • GST refunds refers to payments to be given to the taxpayer by the taxation authorities for excessive payments of tax due to some reason. A taxpayer is liable to get a GST refund or can claim a tax refund only in special mentioned cases. • Refunds and Input Tax Credits are valuable for the taxpayer or the business entity for maintaining a continuous cash flow.

  3. When to claim GST Refunds • On excessive payment of tax due to mistake and lack of knowledge or confusion about type of transaction. • On payment of Integrated GST during export or export under letter of undertaking. • When suppliers provide credit notes in form of incentives. • When the Electronic Cash Ledger has excessive balance. • On deemed exports. • On inverted duty structure.

  4. •When Income Tax Credits are unutilized in case of zero- rated goods. •Tax paid on the input supplies that were used to make zero-related goods. •Tax paid on goods and services that are exported or on input supplies used for making good that are exported. •Tax paid on partially or fully delivered supply of goods but no invoice have been generated or issued for the same. •Tax paid on zero-related goods mentioned in GST act.

  5. GST Refund Process • A refund claim is to be made by the applicant through Form GST RFD-01. • Fill the Form GST RFD-02 to acknowledge and to receive a unique number. • After checking the concerned officer will tell the deficiencies in the application through Form GST RFD-03. • The officer checks and verifies all the information and data and documents. He orders a provisional refund through Form GST RFD- 04. • Through Form GST RFD-05 a payment advice by the officer is sent. • The amount of refund is deposited in the bank of the applicant after all the adjustments. • If the amount of refund claimed is not reasonable then a pre-audit is advised to get the correct amount of refund.

  6. Documentation 1. ARN RECEIPT 2. GSTR-1 3. GSTR-3B 4. PAID CHALLANS 5. DECLARATION UNDER 91(1) 6. ELECTRONIC CASH LEDGER 7. DECLARATION OF ALLOTED STATE TAX/IDENTITY 8. GST RFD-01A

  7. EZYBIZ INDIA CONSULTING LLP ARE A TEAM OF HIGHLY EXPERIENCED AND QUALIFIED PROFESSIONALS, CHARTERED ACCOUNTANTS, COMPANY SECRETARIES AND MBAs WHO ARE SPECIALISTS IN THEIR OWN FIELDS AND PROVIDE EXPERT SERVICE TO DOMESTIC AND MULTINATIONAL COMPANIES. THANK YOU You can visit our website for more details and queries https://ezybizindia.in contact us: 9899217778 Mail us: ezybizconsulting@gmail.com

More Related