GST REFUND

[Guest]

Dear Sir,

Till today we are not getting GST Refund ,Is any new from which date will get GST REFUND.

[KASTURI SETHI]

It takes sufficient time to examine all the aspects. When refund is to be sanctioned, the department thoroughly examines whether any Govt. dues are pending recovery for the past period. If pending, the department, recovers from the refund claim. Balance amount is sanctioned and credited to his bank account.

[DR.MARIAPPAN GOVINDARAJAN]

Refund cannot be expected so quick in this regime.

[Ganeshan Kalyani]

It was not quick in previous regime as well.

[KASTURI SETHI]

We expect speedy disposal of every item of work in Common Portal. In Income Tax, we get refund credited into our bank account without our efforts and that too quickly. Similar approach should be in GST.

[YAGAY andSUN]

Regarding IGST refund, the Government through Income Tax Department is taken initiative to take necessary actions in this regard.

[Ganeshan Kalyani]

Hope that speedy refund and speedy disposal of assessment happens under GST.

AI Summary

Concerns over GST refund delays prompt calls for system efficiency similar to Income Tax; government initiatives underway. A participant raised a concern about delays in receiving GST refunds, seeking updates on when refunds would be processed. Respondents explained that the refund process involves thorough examination to ensure no government dues are pending, which can delay refunds. Comparisons were made to the quicker refund process in Income Tax, suggesting that the GST system should adopt a similar approach for efficiency. Another response mentioned government initiatives aimed at improving the refund process, expressing hope for faster processing and assessments under the GST regime.