We provide GST refund services to businesses. This includes helping them claim a GST (Goods and Services tax) refund. We can help businesses track the status of their GST application and communicate with tax authorities if needed. Our team is comprised of professionals who are well versed in GST laws and regulations. They are committed to helping business recover the GST they paid on their inputs.

Multiple factors influence the decision of choosing a GST Consultant in Gurgaon. We, Nitin Bhatia & Associates a Chartered Accountant Firm in Gurgaon with detailed knowledge of GST laws, provide GST refund service which includes; 

Retrieve the GST refund and evaluate the best method of GST refund.

Here are some situations in which a business may be eligible for a GST refund:

Exportation of goods and services: A business that exports goods or provides services can claim the GST it paid on inputs used to produce those goods or service.

Zero rated supplies: Certain supplies are taxed under GST at a 0% rate. Zero-rated supplies are what they’re called. A business that makes zero-rated goods can claim the GST it paid on the inputs in order to make those goods. Supplies made to SEZ units or developers. A business that supplies goods or service to a SEZ unit or developer can claim the GST it paid on inputs used to produce those supplies.

Deemed Exports: Certain supplies are treated under GST as deemed exports. A business that makes these supplies can claim the GST it paid on the inputs they used to make them.

Wrong tax payment: Due to incorrect application of place of supply provisions it is possible for the GST taxable person pay integrated tax in lieu of central tax plus the state tax, or vice versa. Interest will not be calculated while the tax is paid. A refund for the wrong tax is available.

A business must follow these steps to claim GST refunds:

A business must follow these steps to claim GST refunds:

Register For GST:  GSTIN number (GST Identification Number) will be given to you by the tax authorities. A business has to register for GST and submit an application, supported by different documents like proofs of registration, PAN card (Permanent account number) and bank particulars. Keep filing GST returns regularly. For a business to be eligible for a GST reimbursement they must regularly file their GST returns online at the GST Portal. The filing should include details of purchases made, sales made, and GST collected plus paid by the business.

Take input tax credit: For one to claim a refund of GST, it is important that a company would have actually paid GST on its purchases (inputs), but not taken advantage of input tax credits at all. Therefore, a business needs to take input tax credits on its GST return as soon as it qualifies.

Fill up GSTRF: In order for such a business to be reimbursed or repaid it has to first lodge with the relevant taxation authority GSTRF. An application in the form of filing through gst portal. It must also include the details of GST paid on inputs that are being refunded.
Submit supporting documentation:A business must submit all required documents along with its GST refund request. They may include invoices or bills of supply. Shipping bills and other documents are also acceptable.
Seeking professional help: Seeking the assistance of a professional, such as a chartered accountant Gurgaon who can make claiming a GST reimbursement easier and more efficient. A GST refund consultant will help you with the preparation and filing of your GST refund application. They can also track the status and communicate with the tax authorities if necessary.
Await the refund.  Once the GST refund request has been submitted, the tax authorities review it. If approved, they will issue the refund. The GST refund will be credited into the business’s account.