procedure for applying a refund in case tax paid wrong i mean instead of IGST paid CGST & SGST
so after making correct payment of tax under IGST i required to claim a refund of CGST & SGST which was wrongly paid pls...tell me the procedure for the same
The balance in electronic cash ledger can be claimed as a refund by submitting a refund application form RFD-01A.
The excess GST paid can be claimed as a refund within 2 years from the date of payment. This means that if excess GST is paid in the month of November 2017, GST refund application can be submitted until November 2019.
Steps to Claim Refund of Excess GST Paid:
Step 1: Login to GST Portal.
Step 2: Go to ‘Services’ > ‘Refunds’ > ‘Application for Refund’
Step 3: Select ‘Refund of Excess Balance in Electronic Cash Ledger’ and click on ‘CREATE’.
Step 4: Once you click on ‘CREATE’ in the above step a screen will appear reflecting all balances in the Electronic Cash Ledger which can be claimed as refund.
You can enter values of the refund to be claimed in the editable ‘Refund Claimed’ table.
Step 5: Once this is done select the Bank Account (in which you want the refund to be credited) from the drop-down and click on ‘SAVE’.
Step 6: Click on the checkbox in the declaration. Select the name fo the ‘Authorised Signatory’ from the drop-down.
Based on the type of your organisation click on ‘SUBMIT WITH DSC’ or ‘SUBMIT WITH EVC’
Once this is done a Refund ARN Receipt is generated in PDF format. After inspection by a GST officer refund will be credited to the bank account.
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