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ITC GSTrefund process

Asha Vaishnava (Manager - Finance & Accounts) (290 Points)

05 June 2021

Dear Sir/Madam,

could you please help with my query ? we hav only export income, which is zero rate gst. we have input credit received from our supplier, we want to claim refund for same. could you please share the process for same ?

Regards,
Asha

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8 Replies

CA Altamush Zafar (GST Consultant) (15921 Points)
Replied 05 June 2021

File rfd-01 with relevant docs. Refer circular 125 and 135 for the same.
It is suggested that you engage a professional for refund filing.

Asha Vaishnava (Manager - Finance & Accounts) (290 Points)
Replied 05 June 2021

I saw the form and selected ITC accumulated but refund amount in that case shows nil.

CA Altamush Zafar (GST Consultant) (15921 Points)
Replied 05 June 2021

You need to fill the form. You will also have to upload JSON of excel utility downloadable from the form only. Apart from that a few documents also needs to get uploaded.

Asha Vaishnava (Manager - Finance & Accounts) (290 Points)
Replied 05 June 2021

Sir I did that. in statement 1a. there is a formula which is not allowing for refund..

CA Altamush Zafar (GST Consultant) (15921 Points)
Replied 05 June 2021

If you have ITC for the periods and you have chosen without payment of tax while filing GSTR-1 in exports column and there is balance of ITC at the end of the refund period selected and as on today's date refund will be allowed. Check these parameters. If everything is correct refund will be allowed. If you are still facing problems you must engage a professional.