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GST Refund Claim Procedure Simplified- Just Follow These Steps

GST Claim Refund Procedure

GST stands for Goods and Service Tax that has been recently implemented in India to allow companies and online sellers to make the filing of taxes easy. The government is doing everything in its power to make GST registration and the GST claim Refund procedure easy. If you are a business owner and you have paid more taxes than you owed to the government, you should keep reading. Here we have mentioned the GST claim refund procedure in a simple manner. 

No Need to Hurry

If you have paid extra taxes recently, you don’t need to stress about the deadlines. You can claim a Gst Refund within 2 years from the date of payment. If you miss this deadline, you may never get the refund you deserve. 

GST Claim Process

In case you are eligible for filing a GST claim, you need to seek GST Refund Form RFD-01. It is recommended that a certified Chartered Accountant or a GST Consultant should prepare the form. After you submit the form or you submit the refund of the GST application, you will get an auto-generated acknowledgment form known as GST-RFD-02. Save it as it would help you in the future with regard to the claim. 

Fixing the Mistakes

Sometimes, there might be a discrepancy in filing the GST refund. If that is the case, the GST council has set the process of generating the GST-RFD-03 form. It will be sent to the taxpayer and allow him or her to make corrections in the application form. 

Documents Required

When you choose to file for a GST refund, you need to submit a declaration that says the refund amount won’t be transferred to a third party. In case the amount of money due as a refund is more than INR 5 lakh, you will need to provide additional documents as evidence that confirms you are paying the amount. 

GST Refund Claim Processing Time

Like GSTIN registration and online GST registration, the government has made the GST refund claims process as hassle-free as possible. In most cases, the refunds are processed within a month from the date you filed the claim. But the duration can vary if the amount of the refund is too high or there are other unforeseen complications. Sometimes, the applications need to undergo scrutiny or an audit. 

Unjust Claim

If you file a refund claim and the adjudicating body thinks that you fall under the category of unjustly enriched, the refund amount won’t be credited to you. It will be transferred to the Consumer Welfare Fund.

Final Words

In essence, it can be said that the process of GST claim and GST refund is quite easy and uncomplicated. Everyone from the owner of a local grocery shop to a seller on can follow it easily and get the money he or she deserves. The government initiatives are also worthy of appreciation as the tax refunds are now processed in 60 days. Earlier, it used to take years to get them processed. 

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GST Refund Claim Procedure Simplified- Just Follow These Steps


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