CIRCUMSTANCES WHEN REFUND UNDER GST ARISES

CIRCUMSTANCES WHEN REFUND UNDER GST ARISES CIRCUMSTANCES WHEN REFUND UNDER GST ARISES

1.      Export of goods and services or both;

2.      Supplies to SEZ’s Units and developers;

3.      Deemed Exprters;

4.      Input on purches made by UN bodies or ambassies ;

5.      Refund arises on Appellate Authority,Appellate Tribunal and/or Court order, judgment, degree;

6.      Refund of accumulated input tax credit on account of inverted duty structure;

7.      Finalisation of provisional assessment;

8.      Refund of pre deposits;

9.      Excess payment due to mistake;

10.  Refund to international Tourist of GST paid on goods in India and carried abroad at the time of their departure from India;

11.  Refund on account of issuance of refund vouchers for taxes paid on advances against which goods ans services have been supplied;

12.  Refund of CGST & SGST paid by treating the supply as intra- state supply which is subsequently held as interstate supply and vice versa;

13.  Section 49 (6) balance in the electronic cash ledger or electronic credit ledger after payment of tax, interest, penalty, fee or any other amount payable under this Act 

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