Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

GST REFUND AGAINST CASH LEDGER

278 views

Save Share

Sanchit

Accountant

218 Points Posted on 23 July 2020

Dear Sir/Mam,
I am running a ecommerce company and every month I am receiving tcs credit as well as I am filling return of tcs credit in gst and the same tcs is credited in my gst cash ledger, I have not applied for cash ledger refund till June 2020, now in July 2020 I have applied for cash ledger refund, my application for gst refund has been acknowledged and bank name also verified by PFMS, but still I have not received any gst refund, kindly guide me in this, how much time more needed by AVATO to process the same because NO CHANGE IN STATUS OF ARN SINCE 15 DAYS.

Replies (3)

Quick Summary

This discussion addresses a query regarding a delayed GST cash ledger refund for an e-commerce company. The user has received TCS credits, filed returns, and applied for a refund of the cash ledger balance in July 2020. Despite acknowledgement and bank verification, the refund is pending, with no status change for 15 days. New guidelines suggest deficiency memos must be issued within 15 days, otherwise the application is deemed accepted. Advice is given to contact the jurisdiction tax officer for further assistance.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 25 July 2020

Dear Sanchit
Today only the guidelines have been issue in regard refund . Any deficiency memo in regard to application for refund claimed by taxpayer must be issue within 15 days or it will be deemed to accepted Without deficient.

Note : Else you can contact to jurisdiction Tax Officer