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REFUND FOR FY 2017- 18

lokesh K R (Accountent) (61 Points)

16 July 2020

Can we apply GST refund for fy 2017-18, because someone told after two years we can not able to claim refund.
can anyone help me in this case please

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3 Replies

Aruna Shetty (27 Points)
Replied 16 July 2020

As per the provisions of gst act refund cannot be claimed after 2 yra

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CA Akshay Hiregange (Partner - Audit & Assistance) (4515 Points)
Replied 16 July 2020

If the refund is on account of excess taxes paid (incorrectly) where liability did not arise in the first place - 2 year time limit could be disputed and refund should be eligible. (Ex: Tax paid on export transactions - refund should be eligible irrespective of time limit) - but this can be litigated.

Vijayprakash P (1313 Points)
Replied 16 July 2020

Under GST, the applicant should file GST refund claims within 2 years from the relevant date. If the claim is vaild, the refund will be sanctioned within the period of 60 days from the date of receipt of the application.