GST REFUND

[Asked by 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 and SUN]

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

GST refund processing is subject to verification and set off for government dues, with IGST refunds coordinated via tax mechanisms.
GST refund claims are subject to administrative verification and set off against any pre existing government dues: authorities examine past liabilities and recover outstanding amounts from the refund claim before sanctioning the balance, which is then credited to the claimant's bank account. IGST refunds involve coordination with income tax mechanisms and implementation via the common electronic portal, and stakeholders note practical delays pending these necessary checks and interdepartmental processes.