Refund Claim Portfolio
Refund claims are subject to strict scrutiny and prescribed procedures. Our professionals handle various categories of GST refunds:
- Export of Goods/Services: Recovery of tax paid on exports or accumulated ITC on zero-rated supplies.
- Inverted Duty Structure: Claims for refunds where the tax rate on inputs is higher than the tax rate on output supplies.
- Excess Cash Ledger Balance: Facilitating the refund of unutilized funds sitting in the Electronic Cash Ledger.
- Deemed Exports: Processing refund claims for supplies regarded as deemed exports under the Act.
- Wrongful Tax Deposits: Rectifying and reclaiming taxes paid under the incorrect head (e.g., IGST instead of CGST/SGST).
The Operational Advantage
Improving Financial Health
Blocked GST refunds represent a significant cost to business operations. With the departmental shift towards automated validation, any discrepancy in your RFD-01 application or supporting invoices can lead to deficiency memos and long-term delays. Our team ensures that all reconciliations between GSTR-1, GSTR-3B, and GSTR-2A/2B are flawless, significantly increasing the probability of swift sanction orders and direct credit to your bank account.
