Tax refund related

Originally posted by : Praveen Jain
	I have purchase HDPE Fabric (HSN : 39269099) @ 28% GST & made it plastic tarpaulin (HSN : 39269099) by cutting it into pieces Which Comes under 18% GST. will i get input of extra 10% gst ??? it will credit into my electronic credit ledger ?  or i can get extra 10% GST refund on my bank account ??? i have already bought and sold in 18% HDPE tarpaulin so how to show it sepratly in return to get the refund ??? I have already Input balance in the end of the month.

Dont worry Sir,

you can claim refund under this situtaion Refund Process under GSTREFUND PROCESS UNDER GST Following are the procedures for processing of refund claimed-:

1. Application form for claiming refund can be filed through the GSTN portal.

2. An acknowledgement number would be shared with applicant via sms or email, once the application is filed electronically.

3. Adjustment would be made to return and cash ledger and reduce the “carry-forward input tax credit” automatically.

4. Refund application and documents submitted shall be scrutinized within a period of 30 days of filing the refund application.

5. Concept of “unjust enrichment” would be examined for reach refund application. If it does not qualify, then the refund would be transferred to CWF(consumer welfare fund).

6. If refund claimed exceeds the predetermined amount of refund then it will go through pre-audit process for sanctioning the refund.

7. Refund will be credited electronically to the account of applicant via ECS, RTGS or NEFT.

8. Application for refund can be made at end of each quarter.

9. No refund shall be provided for an amount of less than Rs 1000.

Situations for Refund under GST

(A) Excess payment of tax due to mistake or inadvertence.

(B) Export (including deemed export) of goods / services under claim of rebate or Refund of accumulated input credit of duty / tax when goods / services are exported.

(C) Finalization of provisional assessment.

(D) Refund of Pre – deposit for filing appeal including refund arising in pursuance of an appellate authority’s order (when the appeal is decided in favor of the appellant).

(E) Payment of duty / tax during investigation but no/ less liability arises at the time of finalization of investigation / adjudication.

(F) Refund of tax payment on purchases made by Embassies or UN bodies.

(G) Credit accumulation due to output being tax exempt or nil-rated.

(H) Credit accumulation due to inverted duty structure i.e. due to tax rate differential between output and inputs.

(I) Year-end or volume based incentives provided by the supplier through credit notes

(J) Tax Refund for International Tourists.