Refund of accumulated ITC

[Kaustubh Karandikar]

XYZ is filing refund claim on monthly basis for accumulated ITC due to continuous exports. However, some of the suppliers are filing quarterly returns and therefore the same is not appearing in GSTR – 2A on portal. To this extent the refund amount is not paid. Can XYZ file refund claim after end of the quarter instead of on monthly basis? If yes, under which provisions?

AI Summary

XYZ Considers Quarterly Refund Claims for ITC Due to Supplier Return Discrepancies; Consults GST Circulars 125 & 135/05/2020. XYZ is facing issues with filing monthly refund claims for accumulated Input Tax Credit (ITC) due to suppliers submitting quarterly returns, causing discrepancies in GSTR-2A. XYZ inquires about filing refund claims quarterly instead. Responses suggest that refund claims can cover various periods, not limited to monthly filings, and recommend consulting specific GST circulars, such as Circular 125 and Circular 135/05/2020, which address the bunching of refund claims across financial years.