Itc refund error

Save Share

This query is : Resolved

Quick Summary

If you're encountering an error when applying for a GST refund, it's likely due to the aggregate refund amount claimed being too high. The system requires this amount to be less than or equal to the minimum of two specific columns. To resolve this, ensure your aggregate turnover is greater than or equal to your export turnover, and manually adjust the ITC balance to reflect the lower of the closing balance or the balance at the time of application. Consulting a professional is recommended for complex cases.

aarya

aarya (Querist)
Follow

20 February 2023 while gst refund application , submit , proceed button is inactive and it is mentioned in red words that aggregate of refund to be claimed should be lesser than or equal to minimum of total of coloumn 1 and coloumn 2 .

is there any such condition.

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

20 February 2023 Dear aarya ji,
The aggregate turnover should be equal or more than from the export turnover. You should consult with any expert at the time of filing refund application.

CA Altamush Zafar

CA Altamush Zafar (Expert)
Follow

22 February 2023 You can claim refund of ITC balance lower of the following:
ITC balance at the end of the period for which refund is being claimed.
ITC balance at the time of filing of refund application.
So you will have to adjust manually the lower of the two while refund application
Engage a professional for filing of refund application if having issues

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now