Refund under zero rated supplies made without payment of tax

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Accountant

137 Points Joined November 2013

we shows 17-18 ITC in july 2019 gstr3b, so now while filing refund for month july 2019 should we show same 17-18 itc in refund application??

Replies (1)

Sr Accountant

292 Points Joined January 2015

Hi,

GST refund application needs to be filed within 2 years from the relevant date, as per section 54 of CGST act relevant date is date when

Reason for claiming GST Refund	Relevant Date
Excess payment of GST	Date of payment
Export or deemed export of goods or services	Date of dispatch/loading/passing the frontier
ITC accumulates as output is tax exempt or nil-rated	Last date of financial year to which the credit belongs
Finalization of provisional assessment	Date on which tax is adjusted