Gst refund

228 views 4 replies

Aarti

professional

33 Points Joined November 2015

I have paid cgst sgst instead of IGST ..Have rectified in B to B amended sheet of gstr 1 and paid correct IGST. But how to cliam refund as only followings options are availble while filing RFD 01A-

Refund of ITC on Export of Goods & Services without Payment of Integrated Tax

On account of supplies made to SEZ unit/ SEZ developer (without payment of tax)

Refund on account of ITC accumulated due to Inverted Tax Structure

Recipient of Deemed Exports

Refund on account of Supplies to SEZ unit/ SEZ Developer (with payment of tax)

Export of services with payment of tax

Replies (4)

CA Rashmi Gandhi

Chartered Accountant

86505 Points Joined April 2011

One more option is available i.e. excess balance in cash ledger.

Aarti

professional

33 Points Joined November 2015

there is no excess balance in the cash ledger as i have paid the tax and my cash ledger has ben debited with the amount

Once you have made the payment of CGST & SGST, your electronic cash ledger was credited with the amount paid. Now you actually had to make the payment of IGST, hence you can not adjust this payment against the IGST payable. Now you may need to pay the IGST separately and then claim this payment against your amount due as per return. In that case this CGST & SGST will remain excess in your Electronic Cash Ledger for which you would need to apply for the refund.

However practically the Department is not processing these kinds of refunds easily on the pretext that you may have CGST & SGST liability in future and you can set off with that. This is absurd and they should be allowing refunds in these cases quickly. This is why GST is unnecessarily being made complex by our system.

Regards,

Rajeev Bhargav

rajeev @ rbhargav.com