Live demo of refund application under gst






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Recommended: Process to claim Refund under GST If you have to claim a refund of tax, penalty, interest or ITC based on any of the above situations, you can follow the procedure below. Thereafter, the proper officer would make an order under sub-section 5 for final settlement of the refund claim after due verification of documents furnished by the applicant.
Interest is payable if a refund is not sanctioned within the stipulated period of 60 days. It is mandatory to keep in mind these relevant dates as failure to file refund applications within mentioned time can lead to blockage of credit. GST is all about a smooth flow of funds and compliances till the end.
Any tax, if any paid, may be refunded to taxpayer. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Can you help me in this matter. Here you need to select the tax period for which you need to file refund application. What will happen, CGST and SGST liability will go in responsible liabilities register, and as soon as I will file a dec-17 3B return. It may be worthwhile to add here that in terms of aforesaid Section 54 10 the payment of refund amount may be withheld or unpaid amount of tax, interest or penalty may be met from the refund due, in case of specified defaulters. Penalty GST defaulters are subjected to warning, followed by a penalty. Refund under GST: GST Refunds under Goods and Services Tax 2017: Once a registered person makes payment to the department which is more than what he is sincere to pay, such person has two options i. Below the types of refund currently available on GST Portal. 
No requirement of documents for refund upto Rs. 5 lac - As per Circular No. Once these fields are filled, taxpayer needs to save the application and click on Proceed.
In this guide, we will elaborate on the process of filing application for refund of GST on the common portal. Step-1: Login to GST Common Portal Taxpayers shall login to the common portal with their credentials. Once into the system, the following dashboard will show: Application for Refund Step 3: Choose Type of Refund Next, you will be redirected to Refund dashboard wherein you need to select the type of refund for which you need to apply for the refund. Below the types of refund currently available on GST Portal. Here you need to select the tax period for which you need to file refund application. Refund Type Step 4: Enter Refund Amount to be Claimed There are two sections on GST Refund dashboard, the first one tells about the Balance Available in Cash Ledger and the second section requires the taxpayer to fill in the amount of GST refund to be claimed. Taxpayer also needs to select the bank account in which he needs the credit of refund. Once these fields are filled, taxpayer needs to save the application and click on Proceed. Once filed, the taxpayer will receive the acknowledgment of Refund Application. There has been a doubt whether this acknowledgment needs to be presented to jurisdiction officer physically, but there is no such requirement and the taxpayer will automatically receive the credit of GST refund in his bank account with a period of 60 days from the date of refund acknowledgement.