GST Refunds & Adjustments

Get Your GST Refunds Easy

Claiming a GST refund? Tax360 ensures a smooth refund process with expert handling of excess GST paid, ITC adjustments, and compliance requirements.

What is a GST Refund?

A GST refund arises when businesses pay excess tax, have unutilized Input Tax Credit (ITC), or export goods/services without tax liability. The refund process must be filed correctly to avoid delays or rejections by the tax department.

With Tax360, you get expert guidance on filing refund claims without errors!

Types of GST Refunds & Adjustment Scenarios

Type of Refund	Eligible Cases	Relevant GST Act Section	Processing Time
Refund of Excess GST Paid	Mistaken excess tax payment	Section 54(1)	Within 60 days
Refund of ITC on Exports (Zero-rated supplies)	Goods/services exported without paying tax	Section 16(3) of IGST Act	Within 60 days
Refund on Inverted Duty Structure	When input tax is higher than output tax	Section 54(3)	Within 60 days
Refund on Deemed Exports	Supplies to SEZ, EOUs, etc.	Rule 89 of CGST Rules	Within 60 days
Adjustment Against Future Liabilities	Adjusting excess tax against upcoming tax payments	Section 49(6)	Within the next tax cycle

Confused about your GST refund eligibility? Contact Tax360 for personalized assistance!

Latest GST Refund & Adjustment Updates – Union Budget 2025-26

Update	Details	Impact
Faster Refund Processing for MSMEs	Refund timelines for MSMEs reduced from 60 days to 30 days.	Ensures quicker cash flow for small businesses.
Automated Refund System	AI-based verification for refund claims.	Reduces errors and fraudulent claims.
Restriction on ITC Refund for Non-Registered Vendors	ITC refund only for registered vendors under GST.	Ensures compliance & transparency in claims.
Adjustments Allowed Against Future Tax Liabilities	Businesses can adjust excess GST paid against upcoming tax payments without refund filing.	Reduces compliance burden for businesses.

Tax360 role with GST Refunds & Adjustments

GST Refund Filing & Documentation – End-to-end filing for timely refunds
Excess GST Adjustment – Assistance in handling GST audits and departmental inquiries
Export ITC Refund Assistance – Strategies to minimize GST liabilities
GST Compliance Checks – Prevent future scrutiny with regular compliance reviews
Appeal Support – Support in challenging wrongful tax demands

Income Tax Sections Relevant to GST Taxpayers

Income Tax Section	Relevance
Section 44AD	Presumptive taxation for businesses under GST
Section 139(9)	Defective return notices for incorrect tax filings
Section 244A	Interest payable on delayed tax refunds

Claim Your GST Refund Without Hassles!

Tax360 Ensures Quick & Compliant Refund Processing

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