GST Refund

Our hassle-free processes & GST experts shall help with your GST refund. Get in touch with us today, to get more clarity on GST refunds & our service offerings.

GST refund

Contact us to know more about how we can help you with GST Refund

What is GST?

GST is an indirect form of taxation levied on the supply of goods and services that was formed to abolish several other plethoras of indirect taxes in India. It aims to create a single domestic indirect tax law for the entire nation. This will create ease of tax collection, avoidance of double taxation and will increase the efficiency process. In GST, the final tax is borne by the customer.

Table Of Contents

Overview

The GST department has set up an efficient mechanism to facilitate timely GST refunds so that the businesses can release the stress on working capital cycle & focus on expanding their business. It is important to note that the Refund application will be entertained only if the application is filed within two years from the relevant date.

Benefits

Documents Required

Process

How will we help you?

FAQs

a. What if the government doesn’t pay my refund back within the stipulated time?

In such cases, the government is required to pay you an interest of 24% per annum on your refund amount for each day of delay.

b. Is CA certification required in case of Refund application?

Yes, in some instances CA certificates are required while applying for a refund under GST law.

c.Will I get my GST refund in Cash or my Bank account?

You will always get all your GST refund in your Bank account to maintain transparency.

d. What is the Letter of Undertaking (LUT) or Bond?

A Letter of Undertaking (LUT) or Export bond is a document that exporters can file to export goods or services without having to pay taxes. LUT can be filled online

e. What is the Inverted Duty structure?

When your purchases are taxed at a higher rate compared to your sales, then it is evident that you will always have more ITC to cover your output. In such cases, you can claim a refund of your Excess ITC.

f. Still have doubts?

Speak to our experts who shall solve all your doubts.
Call us at  +91 7738 066 334  or Mail us at info@indiacompanyincorporation.com

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