Refund can be claimed in Goods and Services Tax (GST) in the Following Situations
1) Export of Goods or Services ( Including Deemed Export)
2) Refund of Unutilized Input Tax Credit
3) Refund from Manufacturing / Generation/ Production – tax free supplies
4) Excess payment due to mistake and inadvertence
5) Finalization of Provisional Assessment
6) Refund for Tax payment on transactions by UN bodies,CSD Canteens, Para-military forces canteens, etc
7) Refund of pre deposit in case of Appeal.
Export of Goods or Services (Including Deemed Export)
A. In case of exports of goods and! or services out of India on which export duty is not payable then tax paid inputs and claiming refund of the paid taxes at the time of export.
B. In case of exports of goods and! or services out of India on which export duty is payable then availing the input tax credit of duty paid inputs and exporting finished goods after payment of duty (after utilizing such input tax credit) and thereafter claiming the rebate of the duty paid on export. Refund of the unutilized input tax credit can’t be claimed.
Refund of Unutilized Input Tax Credit
Refund of the unutilized input tax credit can be claimed at the end of any tax period If rate of tax on inputs is higher than the rate of tax on outputs.
Refund from Manufacturing / Generation/ Production/creation of tax free supplies Refund of tax paid on inputs used for the Manufacturing ! Generation! Production!creation of tax free supplies.
Excess payment due to mistake and inadvertence
Refund of Excess payment of tax either by mistake or by inadvertence resulting in more payment of tax than due to the Government.
Finalization of Provisional Assessment
When assesse will be entitled to Refund in the consequent to the order for finalAssessment.
Refund for Tax payment on transactions by UN bodies, CSD Canteens, Para-military forces canteens etc.
Supply to UN Bodies, Embassies, CSD Canteens and Para-military forces canteen will be taxed, which later on can be claimed as refund by them.
UN Bodies, Embassies, CSD Canteens and Para-military forces canteen will be required to take a Unique Identity Number and purchases made by them will be reflected in the return of outward supplies of the supplier and refunds of taxes can be granted.
Refund of pre deposit in case of Appeal
Where an amount deposited by the appellant for appeal is required to be refunded consequent to any order of the First Appellate Authority or of the Appellate Tribunal.
Relevant Date for Claiming Refund
For claiming refund, application shall be made within 2 years from the relevant date. If refund of tax and interest has been paid under protest then the limitation of 2 years shall not be apply.