How to apply for refund of IGST, CGST or SGST? What is the procedure for applying refund of GST interest?
Refund of GST or interest on GST has to be applied online.
Can we file supporting documents for claiming refund of CGST, SGST or IGST? Is supporting documents filing for claiming interest on GST allowed online?
Yes, supporting documents for claiming GST refund or Interest on GST also need to be filed along with application for refund of CGST, SGST, IGST or GST interest.
When is the last time limit to claim GST refund claim? Explain the time limit for refund of GST paid in India?
The time limit for refund of GST paid is within two years.
Can we claim GST interest refund after two years of payment?
No. GST interest paid has to be claimed within 2 years of its payment.
Is refund of accumulated ITC allowed in case of exports?
Yes, refund of accumulated ITC allowed in case of exports or where the credit accumulation is on account of inverted duty structure.
How long will take to get refund of GST?
If application for refund of CGST, IGST or SGST is in order with supporting documents, amount of refund of GST is granted within 90 days from the date of application for refund.
Is interest on claimed amount of GST amount paid, if refund delayed after 30 days of applying?
Yes, if all documents for GST refund are in order, interest is paid, if GST authority not settled refund claim.
How long will take to sanction claim for interest on GST?
If application for refund of GST interest is in order with supporting documents, amount of refund of GST interest is granted within 90 days from the date of application for refund. If not settled within 90 days of its application, interest is eligible from GST tax authority for such delay.
When can an exporter get refund of GST claim? How long will take to get refund of GST after applying online with supporting documents?
If application for GST refund is in order with supporting documents, immediate sanction of 80% of claim of GST refund is sanctioned provisionally by GST tax authority to exporters.
How does GST tax authority send refund of GST or interest? Is it by cash, cheque or bank account?
GST refund is credited with the beneficiary’s bank account, once sanctioned by GST authorities.