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GST Refund Exporter of Goods

GST is a destination based consumption tax where in the levy of tax moves along with goods and /or services. GST Refund” is defined under Model GST Law as refund of tax on goods / services exported out of India or on inputs or input services used in the goods / or services which are exported out of India, or refund of tax on supply of goods regarded as “deemed Exports’ or refund of unutilized input tax credit. In simple terms where a goods exporter is not in position to utilize the GST paid in inputs such as raw material , inputs  etc. which are used for export of goods shall apply for refund of GST paid by  goods exporter. By taking GST Refund Exporter of Goods can increase its business working capital.

Types of Export

  1. Direct Export : – Direct export is exports where the goods supplied are exported to any country outside India and the payment is received either in Free Foreign Exchange
  2. Deemed Export : – Those transactions in which goods supplied do not leave country, and payment for such supplies is received either in Indian rupees or in free foreign exchange.
  3. Third Party Export : – Third party exports are exports made by exporter on behalf of another exporter or manufacturer.

Highlight GST Refund for Exporter of Goods

Refund of GST

When Goods exporter is not in a positions to utilize the input GST credit due to export of gods in that case person can apply for refund of GST to government department.

Time Line for application

Under the provisions of GST refund application need to be make to proper officer with the relevant date as specified. Beyond relevant period GST refund applicable become time bard.

Net ITC

Net Input Tax Credit” means input tax credit availed on inputs and input services during the relevant period like in that quarter.

Application Period

Eligible Person shall apply for refund in Form GST RFD 10 on quarterly basis by using GST electronica mode as available on common portal.

Documents Required

For making GST refund claim application various documents required such as electronic credit register, export invoices, Shipping Bill, Annexure 2 certified by CA , other supporting.

Grant of GST Refund

The proper officer after scrutiny of the claim and evidences submitted  in supporting to claim application shall make refund order in Form GST RFD-04 provisional

GST Refund for Exporter of Goods – What We offer

We are GST refund consultant offering end to end solutions in GST, we provide GST refund consultancy and solutions to maximize  benefits when goods are exported from India. We provide GST refund services in Pune for goods exporters by preparation of application in Form GST RFD-01, supporting documents , CA Certification, submissions and follow up with government officers until you get refund.

 

  1.  Eligiblity of GST Refund and its Amount
  2. Practical Solutions for maximizing benefits of GST Refund
  3. Legal Documents Preparation
  4. Preparation of application
  5. Getting GST refund from department

Expertise GST Refund Services