GST Refund

392 views 7 replies
If the tax credit amount is higher than GST will we get back the difference amount?
Replies (7)
some cases ITC refund is not applicable, other wise refund can available.

Yes, you can claim refund of Excess ITC that you have

Oct 18 it ledger excess balance is up to 9 lacs can I file refund application

Yes, you can file RFD-01 

Originally posted by : ashwini patil
If the tax credit amount is higher than GST will we get back the difference amount?

 

Better to ask with more details about Inward supplies Tax Rate, Outward supplies tax rate and Nature of Supplies...

Bcoz, Some of the view Refund not available as per Mr Manoj Pandey...

 

Some of the view refund can be claim as per Ms. Ruchitra...

As per the Section 54(3) of CGST Act,2017 – Refund of tax 

Subject to the provisions of sub-section (10), a registered person may claim refund of any unutilised input tax credit at the end of any tax period: Provided that no refund of unutilised input tax credit shall be allowed in cases other than––

(i) zero rated supplies made without payment of tax;

(ii) where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies (other than nil rated or fully exempt supplies), except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council:

Provided further that no refund of unutilised input tax credit shall be allowed in cases where the goods exported out of India are subjected to export duty: Provided also that no refund of input tax credit shall be allowed, if the supplier of goods or services or both avails of drawback in respect of central tax or claims refund of the integrated tax paid on such supplies.

So, refund will be granted only in the above two situations ,otherwise refund will be not granted .

 

 

yes you can get by filing form rfd 01

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details