GST-Goods and Service Tax - 326. page

Goods and Services Tax Act – GST Law

Refund of IGST paid to outbound tourist : Since GST is consumption based tax, it is not payable if goods are consumed outside India. Hence, in many countries, there is […]

Consumer Welfare Fund : Normally, refund is to be credited to Consumer Welfare Fund, except in few specified cases. There shall be established by the Central or a State Government […]

Utilization of the Fund : All sums credited to the Fund shall be utilised by the Central/State Government for the welfare of the consumers in such manner as may be […]

Refund to taxable person instead of depositing in consumer welfare fund : Refund, once sanctioned, should be deposited with Consumer Welfare Fund. However, in following cases, the refundable amount shall, […]

Refund to casual taxable person or non-resident taxable person only after he files all returns : The amount of advance tax deposited by a casual taxable person or a non-resident […]

Refund claim by UN Agencies : A specialized agency of the United Nations Organization or any Multilateral Financial Institution and Organization notified under the United Nations (Privileges and Immunities) Act, […]

Procedure to claim refund of tax to Embassies, UN Agencies, Consulates : Any person eligible to claim refund of tax paid by him on his inward supplies as per notification […]

Precautions while claiming refund to avoid doctrine of unjust enrichment : If the burden has been passed on to customer, there is no point in applying for refund of GST. […]

No unjust enrichment if amount returned to buyer by cheque or credit note : If tax amount is refunded by cheque or credit note to recipient, there cannot be unjust […]

Calculation of refund of ITC in zero rated supplies : In case of zero-rated supply of goods or services or both without payment of tax under bond or letter of […]