The GSTN has given the facility to claim refund of excess GST paid. The entire process can be done online. Let us understand the manner in which a registered tax payer can claim GST refund on excess tax paid.
Which form must be filed for GST refund on excess tax paid?
Form RFD-01A form must be filed for GST refund on excess tax paid.
How to file the GST refund application in the GST portal?
- Login to GST portal
- Click Services>Refund>Application for refund
- Select the refund type as ‘Excess payment of tax’
- Select the financial year and month for which the application is being filed. Note:
- You should have filed all the required returns till date to file the refund application
- Refund application for each month needs to be submitted separately
- Click Create
- Enter the tax amount paid in excess in the Details of excess payment of tax field. Note that the refund amount should be more than Rs. 1,000.
- Select the bank account number from the dropdown
- Upload any supporting documents. Note:
- For refund amount less than Rs. 2 Lakhs, only a self-declaration is required.
- For refund amount more than Rs. 2 Lakhs, you must mandatorily upload a certificate from a CA/ICWA. The format of this certificate is in Annexure 2 of Form GST RFD-01.
- Tick the Undertaking and Self-declaration checkboxes. Then click Proceed.
- Tick the Declaration checkbox. In the Name of authorized signatory dropdown, select the authorized signatory. Then click ‘File with DSC’ or ‘File with EVC’.
- A success message is shown, and the status is changed to Submitted. The application Reference Number will be sent to your registered email ID and phone number.
- You can track the application from Refunds>Track application status.