GST Payments and GST Refunds
Don’t worry about messy paper work and running to various government departments for your GST Refund. Elevate your tax management with our dedicated GST refund online service in Chennai. Additionally, we offer streamlined GST payment online services for businesses, ensuring efficiency and compliance.
Just onboard with us and relax. Our experts will handle end to end process and provide you with timely updates.Our expert team simplifies the process, providing you with an effortless experience for your financial operations. Trust us to handle your GST needs, making your tax journey hassle-free and accurate.
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Learn more about GST Refund
What is a GST Refund?
GST refund can be obtained in case the taxpayer exports goods or services. Refund of GST can also be obtained for other eligible cases according to GST Act. Exports of goods or services, as well as supplies to SEZs are categorised as Zero-Rated Supplies. The Supplier can claim a refund of input tax credit paid. Simplify your tax management with our specialized GST refund online service in Chennai. Our comprehensive offering also includes efficient GST payment online services for businesses.
Currently, exporters can claim a refund on zero-rated supplies under two options. Either the exporter can export under Letter of Undertaking or Bond and claim a refund of accumulated Input Tax Credit or the registered dealer may export on payment of integrated tax and claim refund. Our expert team streamlines the entire process, ensuring accuracy and compliance. Rely on us to handle your GST requirements, providing a seamless experience for your financial operations. We can help you claim eligible GST refunds. At Expert Point, we excel in simplifying your financial compliance needs.
Eligibility
A GST refund claim can arise on account of following scenarios:
- Export of goods or services.
- Supplies to SEZs units and developers.
- Deemed exports.
- Refund of taxes on purchase made by UN or embassies etc.
- Refund arising on account of judgment, decree, order or direction of the Appellate Authority, Appellate Tribunal or any court.
- Refund of accumulated Input Tax Credit on account of inverted duty structure other than Nil rated or fully exempt supplies.
- Finalisation of provisional assessment.
- Refund of pre-deposit.
- Excess payment due to mistake.
- Refunds to International tourists of GST paid on goods in India and carried abroad at the time of their departure from India.
- Refund on account of issuance of refund vouchers for taxes paid on advances against which, goods or services have not been supplied.
- Refund of CGST & SGST paid by treating the supply as intra-State supply which is subsequently held as inter-State supply and vice versa.
Documents Required
The applicant shall produce the following documents to claim GST refund:
- If the applicant applies a refund claim on account of exports or supply to SEZ, the individual shall submit relevant invoice pertaining to the transactions.
- Along with the invoice, a statement containing the number and date of shipping bills or bills of export and the number and the date of the relevant export invoices, in a case where the refund is on account of export of goods must also be provided.
- A detailed list of ITC statement also has to be provided
- In case of GST refund on account of export of services, along with the tax invoices, the relevant bank realisation certificates evidencing receipt of payment in foreign currency is also required to be submitted.
GST Refund for Supply to SEZ
If a supplier claims GST refund to an SEZ unit, the applicant shall submit an endorsement from the Proper Officer evidencing receipt of such goods/ services in the SEZ along with the Tax Invoice. Further, the applicant shall produce declaration from the SEZ unit stating that the applicant yet to avail input tax credit of tax from the supplier.