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Gst Refund App

15 June 2023

if itc accumulated in gst portal which is same rate sale and purchase but last 5 year itc accumulated in gst portal, in gst refund application which option select for refund application. pls gaid me.

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CA Mohd Firoz Khan (Chartered Accountant) (108 Points)
Replied 15 June 2023

Situations for refund under GST Law

-Refund of tax paid on zero-rated supplies of goods or services or both or on inputs or input services used in making such zero-rated supplies.
-Refund of unutilised ITC in the case of the tax rate on the input being higher than the tax rate on the output.
-Refund of tax paid on the supply of goods/services provided wholly or partially and invoice was not issued.
-Refund of tax paid in excess due to confusion in the transaction being an interstate or intrastate.
-The tax and interest, if any, or any other amount paid by the applicant if he had not passed on the incidence of such tax and interest to any other person.
-The tax or interest borne by such other class of applicants as the government may, on the recommendations of the Council by notification, specify.

In your case, You are not falling any above situation so you are not eligible to file Refund Application.