XYZ is filing refund claim on monthly basis for accumulated ITC due to continuous exports. However, some of the suppliers are filing quarterly returns and therefore the same is not appearing in GSTR – 2A on portal. To this extent the refund amount is not paid. Can XYZ file refund claim after end of the quarter instead of on monthly basis? If yes, under which provisions?
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Refund of accumulated ITC
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The taxpayer is allowed to refund of GST of accumulated ITC within 2 year. You can claim refund for the same. Further, there is no specific provision which state that you have to take refund monthly. So, if you find that there is specific provision which state that you have to take refund monthly then you can not avail refund quarterly.
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