GST REFUND - ITC

Hi, What is the remedy to get GST ITC refund for export service, if we have crossed the 2 yrs timeline? How to get the refund? Is any other option is available? If so pl advice

rgds

sakthi

Replies (1)

Refund for Export of services out of India:

Relevant date for refund of tax paid in respect of services, inputs or input services used in such services is, within 2 years, from the date,

  • When the payment is received in convertible foreign exchange (or in Indian Rupees as permitted by RBI) for the services, where the supply of services had been completed
  • When the invoice is issued where the payment for the services received in advance.

Thus after the expiry of said period refund cannot be applied. However, the same can be utilised against outward supply for subsequent periods.

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