gst refund

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how much days the refund amount will credit in bank account
Replies (4)
i think you have to show the refund application duly generated by GST Portal to assistan commissioner of sales tax.
In case of Refund due to Zero Rated Supplies like Exports, the GST officer will sanction the 90% of the amount of GST Refund on provisional basis within 7 days.

The refund on provisional basis shall be issued in Form GST RFD 04 within 7 days from the date of acknowledgement. The acknowledgement is normally issued within 15 days but in case of refund of integrated tax paid on zero rated supplies, the acknowledgement would be issued within a period of 3 days.

The GST Officer will make a GST Refund payment advice in Form GST RFD 05 and the same shall be electronically credited to any of the bank accounts of the applicant mentioned in his registration particulars and as specified in the application for refund.

i think, refund will not be transferred in bank account as it happens in case of income tax. the refund will be credited to electronic cash ledger.

Yes...

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