How can I file for refund on account of ITC accumulated due to Inverted Tax Structure,and how will the disbursement be made?

How can I file for refund on account of ITC accumulated due to Inverted Tax Structure,and how will the disbursement be made?

Asked on February 8, 2018 in Miscellaneous.
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1 Answer(s)

1. Ensure that you have filed GSTR 1 and GSTR-3B of the relevant tax period for which you want to file for refund of the accumulated ITC on the basis of balance available in the electronic credit ledger.
2. Once the eligiblity to file for refund is established,fill-out the form RFD-01A and file it in GST portal.
3. Upon filing the form RFD-01A,GST portal will generate an ARN
4. After ARN generation, Taxpayer needs to take prints of the filed application and the refund ARN receipt generated on the portal,and submit the same along with supporting documents to the jurisdictional authority.
5. After refund application is processed by tax official,refund will be disbursed manually.
6. In case of the taxpayer where the jurisdictional authority of state/center yet not allowed then the taxpayer has to contact to the Nodal Officer of the corresponding state/center.

Answered on February 8, 2018.
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Gen GST