The introduction of GST by the Government of India in 2017 aimed to collect taxes on the purchase of goods and services. However, certain items were excluded from the purview of GST to enhance affordability and competitiveness in the Indian market. Despite this, consumers indirectly bore the burden of GST, as the input tax incurred by suppliers on raw materials and other inputs got added to the cost of the final products.

To address this issue, the Government of India incorporated provisions for GST Refund into the Act. Suppliers are eligible for a refund of input tax, ensuring that the burden does not pass on to end consumers. However, navigating the process of claiming GST refunds from Tax Authorities can be challenging and may lead to unnecessary litigation.

This is where K K Baranwal & Associates comes into play. K K Baranwal & Associates offers top-notch GST Refund services to streamline the process and make it hassle-free for its clients. Let’s delve into the cases where a refund is available.

Why Opt for GST Refund Services from a Professional Like K K Baranwal & Associates?

Claiming a GST refund is a complex task that requires in-depth knowledge of GST provisions and meticulous back-calculations to support each claim. Careful planning is essential for every refund claim to avoid potential notices from the GST Department. Only an expert with relevant expertise and experience can provide appropriate guidance.

K K Baranwal & Associates boasts a dedicated team of GST specialists with extensive experience in this field. Our advisors are well-versed and know how to expedite the refund process to your bank accounts efficiently. We ensure that all refund claims are supported by thorough back calculations and file them only after obtaining your approval. Understanding the trust you place in us as your advisors, we take every possible step to meet and exceed your expectations.

Don’t wait any longer; contact us today to learn more about GST Refund services from our professionals.

Circumstances Where GST Refund Can Be Claimed

Refund of Excess Balance in GST Electronic Cash Ledger

When the output tax liability is less than the input tax liability, excess input tax accumulates in the electronic cash ledger. This situation often arises due to an Inverted Tax Rate Structure. Refunds can be claimed for such excess input.

Input on Export of Goods and Services under Letter of Undertaking (LUT)

Export is zero rated supply i.e. no GST is levied in case goods and services are exported outside India if LUT is obtained from the Department. Thus, refund is available for input goods and services taken for such output goods.

Supplies to Special Economic Zones (SEZs)

In SEZs, transactions with entities located there are considered as zero-rated under GST, treating SEZs as places outside India. Consequently, refunds for GST on input goods and services are applicable.

Refund for Deemed Export

Supply of goods and services to Advance Authorisation (AA) and EPCG holder is considered as deemed export and refund is available for input services similar to other exports.

Wrong inter-head payment of GST

When payments are mistakenly made under the wrong GST category, refunds can be claimed instead of adjusting the error. For instance, if IGST is paid instead of CGST, a refund can be sought for the IGST amount.

Accordion On Account of Assessment/Provisional Assessment/Appeal/Any other order

Under an order passed by the relevant Authority, the amount of tax in the order will be refunded to the taxpayer.