Tax paid
This query is : Resolved
sai sindura
(Querist)
18 April 2019
while making tax under gst double has been deducted from the bank account so the one excess can be claimed refund how to claim the excess amount
KAVIRAJA ADDANGADI
(Expert)
18 April 2019
Better you can adjust for next month liability, Refund take time minimum 30 days and An application for GST Refund shall be filed online in form GST RFD 01 and shall be filed within a maximum of 2 years from the relevant date.
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sai sindura
(Querist)
18 April 2019
Thank You for the reply
sai sindura
(Querist)
18 April 2019
As per the new limits 1/4/2019 for goods it is 40lakhs and thinking of cancelling the GST registration and therefore we need to file refund for electronic cash ledger within in how many days we need to cancel to claim exemption as existing is composition scheme.Can u pls clarify
26 July 2025
Here’s a clear answer for your GST refund and cancellation query:
---
### Claiming Excess GST Paid Refund:
* If GST amount has been **deducted twice** from your bank account (i.e., excess payment), you can claim a refund of the excess amount.
* File **GST Refund application online** using **Form GST RFD-01**.
* This refund claim must be filed **within 2 years** from the relevant date (usually date of payment).
* Refund processing typically takes about **30 days** or more.
---
### Regarding Cancellation of GST Registration and Composition Scheme:
* Since **1st April 2019**, threshold limits for GST registration (normal) is Rs. 40 lakh for goods.
* If your turnover is below threshold, you may want to **cancel GST registration**.
* To claim refund of balance in the **Electronic Cash Ledger** before cancellation, you must:
* File all pending **returns up to the date of cancellation**.
* Submit **application for cancellation** through the GST portal.
* Refund of balance cash ledger amount can be claimed after cancellation is approved.
* There is **no fixed deadline** for cancellation, but refund claim should be within **2 years** of the relevant date.
* Make sure you comply with conditions of **composition scheme exit**, as refund and cancellation have certain procedural requirements.
---
If you want, I can help you with step-by-step guidance on filing the refund application or GST cancellation on the portal. Just ask!
---
### Claiming Excess GST Paid Refund:
* If GST amount has been **deducted twice** from your bank account (i.e., excess payment), you can claim a refund of the excess amount.
* File **GST Refund application online** using **Form GST RFD-01**.
* This refund claim must be filed **within 2 years** from the relevant date (usually date of payment).
* Refund processing typically takes about **30 days** or more.
---
### Regarding Cancellation of GST Registration and Composition Scheme:
* Since **1st April 2019**, threshold limits for GST registration (normal) is Rs. 40 lakh for goods.
* If your turnover is below threshold, you may want to **cancel GST registration**.
* To claim refund of balance in the **Electronic Cash Ledger** before cancellation, you must:
* File all pending **returns up to the date of cancellation**.
* Submit **application for cancellation** through the GST portal.
* Refund of balance cash ledger amount can be claimed after cancellation is approved.
* There is **no fixed deadline** for cancellation, but refund claim should be within **2 years** of the relevant date.
* Make sure you comply with conditions of **composition scheme exit**, as refund and cancellation have certain procedural requirements.
---
If you want, I can help you with step-by-step guidance on filing the refund application or GST cancellation on the portal. Just ask!
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