Oct22
2018In normal cases, a tax payer can offset the amount of GST paid by him on all inward supplies while discharging the output tax liability arising due to outward taxable supply. If there is any excess input tax credit which could not be offset completely against outward taxable supplies, the same must be carried forward to the next month. No refund shall be provided by the Government in this regard. However, in certain cases, refund of Input Tax Credit can be claimed by the tax payer. The procedure laid down for applying refund under GST law is different under different scenarios. In this article we shall understand how and when tax payers can claim refund for excess input tax credit.
Scenarios where a tax payer may require to claim refund:
Forms to claims return under GST:
Steps for Filing Application for Refund under GST:
1. Login to GST portal.
2. Go to Services Tab.
3. In Services Tab, select the Refund tab.
4. In Refund Tab, select "Application for Refund" Option.
5. Select type of refund from among the given options by selecting radio button against the option.
I. Refund of Excess Balance in Electronic Cash Ledger
II. Refund of ITC on Export of Goods & Services without Payment of Tax
III. On account of supplies made to SEZ unit/ SEZ developer (without payment of tax)
IV. Refund on account of ITC accumulated due to Inverted Tax Structure
V. On account of Refund by Recipient of deemed export
VI. Refund on account of Supplies to SEZ unit/ SEZ Developer (with payment of tax)
VII. Export of services with payment of tax
VIII. Tax paid on an intra-State supply which is subsequently held to be inter-State supply and vice versa
IX. On account of Refund by Supplier of deemed export
X. Any other (specify)
XI. Excess payment of tax
6. After selecting radio button against applicable option, click "Create" button to generate Refund Request.
Who should file RFD-01/01A?
The following types of refunds under GST are currently being manually processed:
Hence, file RFD-01A in the place of RFD-01 for the above cases till such time until further notified.
Cases where RFD-01/01A is not applicable:
RFD-01/01A has to be filed for all cases of refund claims except the below mentioned:
Prerequisites for applying for refund: