{"id":143,"date":"2020-01-31T06:49:03","date_gmt":"2020-01-31T01:19:03","guid":{"rendered":""},"modified":"2026-09-03T16:47:19","modified_gmt":"2026-09-03T16:47:19","slug":"brief-about-refund-unutilized-inputtaxcredititc","status":"publish","type":"post","link":"https:\/\/www.legalsalaah.com\/blog\/brief-about-refund-unutilized-inputtaxcredititc\/","title":{"rendered":"Brief about Refund of Unutilized Input Tax Credit (ITC)"},"content":{"rendered":"<h1 align=\"center\" style=\"margin: 0in 0in 0.0001pt; text-align: center; text-indent: 0.5in; line-height: 36pt; background: white;\"><a name=\"_GoBack\" style=\"\"><span lang=\"EN-IN\" style=\"font-size: 33pt; font-family: AvenirNextMedium, serif; font-weight: normal;\"><font color=\"#000099\">Brief about Refund of Unutilized Input Tax<br \/>\nCredit (ITC)<\/font><font color=\"#393a3d\" style=\"vertical-align: baseline;\"><o:p><\/o:p><\/font><\/span><\/a><\/h1>\n<div style=\"text-align: center; margin: 0in 0in 0.0001pt; background: white; vertical-align: baseline;\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:\n14.0pt;color:#505050;border:none windowtext 1.0pt;mso-border-alt:none windowtext 0in;\npadding:0in\"><o:p>\u00a0<\/o:p><\/span><\/span><\/div>\n<div style=\"margin:0in;margin-bottom:.0001pt;text-align:justify;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size: 14pt; border: 1pt none windowtext; padding: 0in;\">Refund<\/span><\/span><span style=\"mso-bookmark:\n_GoBack\"><span lang=\"EN-IN\" style=\"font-size: 14pt;\">\u00a0is a<br \/>\nterm which means refund of taxes or funds, when paid more than the actual tax\/funds<br \/>\nto be given. In GST, the tax refund comes into play when:<font color=\"#505050\"><o:p><\/o:p><\/font><\/span><\/span><\/div>\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div class=\"MsoNormal\" style=\"margin-top:0in;margin-right:0in;margin-bottom:0in;\nmargin-left:.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.25in;\nline-height:normal;mso-list:l0 level1 lfo2;tab-stops:list .5in;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;font-family:\" times=\"\" new=\"\" roman\",\"serif\";=\"\" mso-fareast-font-family:\"times=\"\" roman\";color:#393a3d\"=\"\"><span style=\"mso-list:Ignore\">a)<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\">\u00a0<\/span><\/span><\/span><span lang=\"EN-IN\" style=\"font-size:14.0pt;\nfont-family:\" times=\"\" new=\"\" roman\",\"serif\";color:#393a3d\"=\"\">the\u00a0<span style=\"border:none windowtext 1.0pt;mso-border-alt:none windowtext 0in;\npadding:0in\">input tax credit(ITC)<\/span>\u00a0of a supplier gets collected as<br \/>\na result of making\u00a0<span style=\"border:none windowtext 1.0pt;mso-border-alt:\nnone windowtext 0in;padding:0in\">zero rated supplies<\/span>\u00a0or<o:p><\/o:p><\/span><\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin-top:0in;margin-right:0in;margin-bottom:7.5pt;\nmargin-left:.5in;text-align:justify;text-indent:-.25in;line-height:normal;\nmso-list:l0 level1 lfo2;tab-stops:list .5in;background:white;vertical-align:\nbaseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;font-family:\" times=\"\" new=\"\" roman\",\"serif\";=\"\" mso-fareast-font-family:\"times=\"\" roman\";color:#393a3d\"=\"\"><span style=\"mso-list:Ignore\">b)\u00a0<\/span><\/span><span lang=\"EN-IN\" style=\"font-size:14.0pt;\nfont-family:\" times=\"\" new=\"\" roman\",\"serif\";color:#393a3d\"=\"\">supplier pays charges<br \/>\nwhich he\u2019s not required to and hence, claims GST paid<o:p><\/o:p><\/span><\/span><\/div>\n<\/blockquote>\n<div style=\"margin:0in;margin-bottom:.0001pt;background:white;vertical-align:\nbaseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size: 14pt;\">According to section 54 of the CGST Act, it <b style=\"\">includes the refund of<\/b>:<o:p><\/o:p><\/span><\/span><\/div>\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div class=\"MsoNormal\" style=\"margin:0in;margin-bottom:.0001pt;text-indent:-.25in;\nline-height:normal;mso-list:l1 level1 lfo1;tab-stops:list .5in;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><font color=\"#333333\"><span lang=\"EN-IN\" style=\"font-size: 10pt; font-family: Symbol;\"><span style=\"mso-list:Ignore\">\u00b7<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\n<\/span><\/span><\/span><!--[endif]--><span lang=\"EN-IN\" style=\"font-size: 14pt; font-family: \" times=\"\" new=\"\" roman\",=\"\" serif;\"=\"\">excess tax paid<o:p><\/o:p><\/span><\/font><\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin:0in;margin-bottom:.0001pt;text-indent:-.25in;\nline-height:normal;mso-list:l1 level1 lfo1;tab-stops:list .5in;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><font color=\"#333333\"><span lang=\"EN-IN\" style=\"font-size: 10pt; font-family: Symbol;\"><span style=\"mso-list:Ignore\">\u00b7<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\n<\/span><\/span><\/span><!--[endif]--><span lang=\"EN-IN\" style=\"font-size: 14pt; font-family: \" times=\"\" new=\"\" roman\",=\"\" serif;\"=\"\">interest paid on such tax<o:p><\/o:p><\/span><\/font><\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin:0in;margin-bottom:.0001pt;text-indent:-.25in;\nline-height:normal;mso-list:l1 level1 lfo1;tab-stops:list .5in;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><font color=\"#333333\"><span lang=\"EN-IN\" style=\"font-size: 10pt; font-family: Symbol;\"><span style=\"mso-list:Ignore\">\u00b7<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\n<\/span><\/span><\/span><!--[endif]--><span lang=\"EN-IN\" style=\"font-size: 14pt; font-family: \" times=\"\" new=\"\" roman\",=\"\" serif;\"=\"\">any amount paid which was not<br \/>\nrequired to be paid<o:p><\/o:p><\/span><\/font><\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin:0in;margin-bottom:.0001pt;text-indent:-.25in;\nline-height:normal;mso-list:l1 level1 lfo1;tab-stops:list .5in;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><font color=\"#333333\"><span lang=\"EN-IN\" style=\"font-size: 10pt; font-family: Symbol;\"><span style=\"mso-list:Ignore\">\u00b7<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\n<\/span><\/span><\/span><!--[endif]--><span lang=\"EN-IN\" style=\"font-size: 14pt; font-family: \" times=\"\" new=\"\" roman\",=\"\" serif;\"=\"\">input tax pertaining to goods<br \/>\nor services exported outside India<o:p><\/o:p><\/span><\/font><\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin:0in;margin-bottom:.0001pt;text-indent:-.25in;\nline-height:normal;mso-list:l1 level1 lfo1;tab-stops:list .5in;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><font color=\"#333333\"><span lang=\"EN-IN\" style=\"font-size: 10pt; font-family: Symbol;\"><span style=\"mso-list:Ignore\">\u00b7<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\n<\/span><\/span><\/span><!--[endif]--><span lang=\"EN-IN\" style=\"font-size: 14pt; font-family: \" times=\"\" new=\"\" roman\",=\"\" serif;\"=\"\">tax on inputs or input<br \/>\nservices used to make goods or services exported outside India including zero<br \/>\nrated supplies<o:p><\/o:p><\/span><\/font><\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin:0in;margin-bottom:.0001pt;text-indent:-.25in;\nline-height:normal;mso-list:l1 level1 lfo1;tab-stops:list .5in;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><font color=\"#333333\"><span lang=\"EN-IN\" style=\"font-size: 10pt; font-family: Symbol;\"><span style=\"mso-list:Ignore\">\u00b7<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\n<\/span><\/span><\/span><!--[endif]--><span lang=\"EN-IN\" style=\"font-size: 14pt; font-family: \" times=\"\" new=\"\" roman\",=\"\" serif;\"=\"\">tax on goods regarded as\u00a0<b><span style=\"border:none windowtext 1.0pt;mso-border-alt:none windowtext 0in;\npadding:0in\">deemed exports<\/span><\/b><o:p><\/o:p><\/span><\/font><\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin:0in;margin-bottom:.0001pt;text-indent:-.25in;\nline-height:normal;mso-list:l1 level1 lfo1;tab-stops:list .5in;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><font color=\"#333333\"><span lang=\"EN-IN\" style=\"font-size: 10pt; font-family: Symbol;\"><span style=\"mso-list:Ignore\">\u00b7<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\n<\/span><\/span><\/span><!--[endif]--><\/font><span lang=\"EN-IN\" style=\"font-size: 14pt; font-family: \" times=\"\" new=\"\" roman\",=\"\" serif;\"=\"\"><font color=\"#333333\">unutilized input tax credit in<br \/>\ncase of zero rated supplies made under bond or LUT and inverted duty structure<\/font><font color=\"#ff0000\"><o:p><\/o:p><\/font><\/span><\/span><\/div>\n<\/blockquote>\n<div class=\"MsoNormal\" style=\"margin-bottom:7.5pt;text-align:justify;line-height:\nnormal;background:white;vertical-align:baseline\"><span style=\"mso-bookmark:\n_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;font-family:\" times=\"\" new=\"\" roman\",\"serif\";=\"\" color:#393a3d\"=\"\"><o:p>\u00a0<\/o:p><\/span><\/span><\/div>\n<div class=\"MsoNormal\" style=\"text-align: center; margin-bottom: 7.5pt; line-height: normal; background: white;\"><font color=\"#000099\"><span style=\"mso-bookmark:_GoBack\"><b><span lang=\"EN-IN\" style=\"font-size: 16pt; font-family: Arial, sans-serif;\">What is meant by\u00a0<\/span><\/b><\/span><a href=\"https:\/\/www.quora.com\/What-is-input-tax-credit-and-output-tax-credit\" target=\"_blank\"><span style=\"mso-bookmark:_GoBack\"><b><span lang=\"EN-IN\" style=\"font-size: 16pt; font-family: Arial, sans-serif; text-decoration: none;\"><font color=\"#000099\">Input Tax Credit<\/font><\/span><\/b><\/span><span style=\"mso-bookmark:_GoBack\"><\/span><\/a><\/font><span style=\"mso-bookmark:_GoBack\"><b><span lang=\"EN-IN\" style=\"font-size: 16pt; font-family: Arial, sans-serif;\"><font color=\"#000099\">\u00a0(ITC)?<\/font><font color=\"#111111\"><o:p><\/o:p><\/font><\/span><\/b><\/span><\/div>\n<div style=\"margin:0in;margin-bottom:.0001pt;text-align:justify;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size: 14pt; border: 1pt none windowtext; padding: 0in;\">Input Tax Credit means difference between the<br \/>\ntaxes paid on inputs from that paid on output.\u00a0On supply of services or<br \/>\ngoods to a taxable person, GST charged is called Input Tax.<font color=\"#505050\"><o:p><\/o:p><\/font><\/span><\/span><\/div>\n<div style=\"margin:0in;margin-bottom:.0001pt;text-align:justify;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size: 14pt; border: 1pt none windowtext; padding: 0in;\"><b style=\"\"><u style=\"\"><font color=\"#ff0000\">For Example:- <\/font><\/u><font color=\"#505050\"><o:p><\/o:p><\/font><\/b><\/span><\/span><\/div>\n<p><span style=\"mso-bookmark:_GoBack\"><\/span><span style=\"mso-bookmark:_GoBack\"><\/span><span style=\"mso-bookmark:_GoBack\"><\/span><span style=\"mso-bookmark:_GoBack\"><\/span><span style=\"mso-bookmark:_GoBack\"><\/span><span style=\"mso-bookmark:_GoBack\"><\/span><span style=\"mso-bookmark:_GoBack\"><\/span><span style=\"mso-bookmark:_GoBack\"><\/span><\/p>\n<table class=\"MsoTableGrid\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" style=\"border-collapse:collapse;border:none;mso-yfti-tbllook:1184;mso-padding-alt:\n 0in 5.4pt 0in 5.4pt;mso-border-insideh:none;mso-border-insidev:none\"><\/p>\n<tbody>\n<tr style=\"mso-yfti-irow:0;mso-yfti-firstrow:yes\">\n<td width=\"481\" valign=\"top\" style=\"width:360.9pt;padding:0in 5.4pt 0in 5.4pt\">\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div style=\"margin:0in;margin-bottom:.0001pt;text-align:justify;line-height:\n  150%;vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;line-height:150%;color:#505050;border:\n  none windowtext 1.0pt;mso-border-alt:none windowtext 0in;padding:0in\">Mr. A<br \/>\n  collected tax on the Sale of a Goods\/Services).<\/span><\/span><\/div>\n<\/blockquote>\n<\/td>\n<td width=\"135\" valign=\"top\" style=\"width:101.2pt;padding:0in 5.4pt 0in 5.4pt\">\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div align=\"center\" style=\"margin:0in;margin-bottom:.0001pt;text-align:center;\n  vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;color:#505050;border:none windowtext 1.0pt;\n  mso-border-alt:none windowtext 0in;padding:0in\">\u00a0INR 500.<\/span><\/span><\/div>\n<\/blockquote>\n<\/td>\n<\/tr>\n<tr style=\"mso-yfti-irow:1\">\n<td width=\"481\" valign=\"top\" style=\"width:360.9pt;padding:0in 5.4pt 0in 5.4pt\">\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div style=\"margin:0in;margin-bottom:.0001pt;text-align:justify;line-height:\n  150%;vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;line-height:150%;color:#505050;border:\n  none windowtext 1.0pt;mso-border-alt:none windowtext 0in;padding:0in\">Mr. A<br \/>\n  paid tax for purchase of <\/span><\/span><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;line-height:150%;border:none windowtext 1.0pt;\n  mso-border-alt:none windowtext 0in;padding:0in\">Goods\/Services<span style=\"color:#505050\">.<o:p><\/o:p><\/span><\/span><\/span><\/div>\n<\/blockquote>\n<\/td>\n<td width=\"135\" valign=\"top\" style=\"width:101.2pt;padding:0in 5.4pt 0in 5.4pt\">\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div align=\"center\" style=\"margin:0in;margin-bottom:.0001pt;text-align:center;\n  vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;color:#505050;border:none windowtext 1.0pt;\n  mso-border-alt:none windowtext 0in;padding:0in\">INR 300<\/span><\/span><\/div>\n<\/blockquote>\n<\/td>\n<\/tr>\n<tr style=\"mso-yfti-irow:2\">\n<td width=\"481\" valign=\"top\" style=\"width:360.9pt;padding:0in 5.4pt 0in 5.4pt\">\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div style=\"margin:0in;margin-bottom:.0001pt;text-align:justify;line-height:\n  150%;vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;line-height:150%;color:#505050;border:\n  none windowtext 1.0pt;mso-border-alt:none windowtext 0in;padding:0in\">So,<br \/>\n  Final taxes to be paid by Mr. A<\/span><\/span><\/div>\n<\/blockquote>\n<\/td>\n<td width=\"135\" valign=\"top\" style=\"width:101.2pt;padding:0in 5.4pt 0in 5.4pt\">\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div align=\"center\" style=\"margin:0in;margin-bottom:.0001pt;text-align:center;\n  vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;color:#505050;border:none windowtext 1.0pt;\n  mso-border-alt:none windowtext 0in;padding:0in\">INR 200<\/span><\/span><\/div>\n<\/blockquote>\n<\/td>\n<\/tr>\n<tr style=\"mso-yfti-irow:3;mso-yfti-lastrow:yes\">\n<td width=\"481\" valign=\"top\" style=\"width:360.9pt;padding:0in 5.4pt 0in 5.4pt\">\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div style=\"margin:0in;margin-bottom:.0001pt;text-align:justify;line-height:\n  150%;vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;line-height:150%;color:#505050;border:\n  none windowtext 1.0pt;mso-border-alt:none windowtext 0in;padding:0in\">Input<br \/>\n  tax credit that can be claimed by Mr. A<\/span><\/span><\/div>\n<div style=\"margin:0in;margin-bottom:.0001pt;text-align:justify;line-height:\n  150%;vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;line-height:150%;color:#505050;border:\n  none windowtext 1.0pt;mso-border-alt:none windowtext 0in;padding:0in\"><o:p>\u00a0<\/o:p><\/span><\/span><\/div>\n<\/blockquote>\n<p>  <span style=\"mso-bookmark:_GoBack\"><\/span><\/p>\n<\/td>\n<td width=\"135\" valign=\"top\" style=\"width:101.2pt;padding:0in 5.4pt 0in 5.4pt\">\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div align=\"center\" style=\"margin:0in;margin-bottom:.0001pt;text-align:center;\n  vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;color:#505050;border:none windowtext 1.0pt;\n  mso-border-alt:none windowtext 0in;padding:0in\">INR 300<\/span><\/span><\/div>\n<\/blockquote>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"margin:0in;margin-bottom:.0001pt;text-align:justify;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;color:#505050;border:none windowtext 1.0pt;mso-border-alt:\nnone windowtext 0in;padding:0in\"><o:p>\u00a0<\/o:p><\/span><\/span><\/div>\n<div class=\"MsoNormal\" style=\"text-align: center; margin-bottom: 7.5pt; line-height: normal; background: white;\"><span style=\"mso-bookmark:_GoBack\"><b><span lang=\"EN-IN\" style=\"font-size: 16pt; font-family: Arial, sans-serif;\"><font color=\"#000099\">Required Conditions<br \/>\nfor Filing GST Refund Application<\/font><font color=\"#111111\"><o:p><\/o:p><\/font><\/span><\/b><\/span><\/div>\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div style=\"margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;\nmargin-bottom:.0001pt;text-align:justify;text-indent:-.25in;mso-list:l2 level1 lfo3;\nbackground:white;vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;font-family:Wingdings;mso-fareast-font-family:\nWingdings;mso-bidi-font-family:Wingdings;color:#505050;border:none windowtext 1.0pt;\nmso-border-alt:none windowtext 0in;padding:0in\"><span style=\"mso-list:Ignore\">\u00d8<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\"> <\/span><\/span><\/span><!--[endif]--><span lang=\"EN-IN\" style=\"font-size:14.0pt;color:#505050;border:none windowtext 1.0pt;\nmso-border-alt:none windowtext 0in;padding:0in\">GSTR1 &#038; GSTR 3B must have<br \/>\nbeen filed for the period for which the return is to be claimed.<o:p><\/o:p><\/span><\/span><\/div>\n<div style=\"margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;\nmargin-bottom:.0001pt;text-align:justify;text-indent:-.25in;mso-list:l2 level1 lfo3;\nbackground:white;vertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;font-family:Wingdings;mso-fareast-font-family:\nWingdings;mso-bidi-font-family:Wingdings;color:#505050;border:none windowtext 1.0pt;\nmso-border-alt:none windowtext 0in;padding:0in\"><span style=\"mso-list:Ignore\">\u00d8<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\"> <\/span><\/span><\/span><!--[endif]--><span lang=\"EN-IN\" style=\"font-size:14.0pt;color:#505050;border:none windowtext 1.0pt;\nmso-border-alt:none windowtext 0in;padding:0in\">Every year taxpayers having more<br \/>\nthan Rs.1.5 crores as turnover can file for GST refund.<o:p><\/o:p><\/span><\/span><\/div>\n<div style=\"margin-top:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:.5in;\ntext-align:justify;text-indent:-.25in;mso-list:l2 level1 lfo3;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-family:Wingdings;mso-fareast-font-family:Wingdings;\nmso-bidi-font-family:Wingdings;color:#1E314F;mso-bidi-font-weight:bold\"><span style=\"mso-list:Ignore\">\u00d8<span style=\"font:7.0pt \" times=\"\" new=\"\" roman\"\"=\"\">\u00a0 <\/span><\/span><\/span><!--[endif]--><span lang=\"EN-IN\" style=\"font-size:14.0pt;color:#505050;border:none windowtext 1.0pt;\nmso-border-alt:none windowtext 0in;padding:0in\">Taxpayers who opt quarterly GST<br \/>\nreturn filing, can file GST refund application every quarter of the year. <\/span><\/span><\/div>\n<\/blockquote>\n<div style=\"margin:0in;margin-bottom:.0001pt;text-align:justify;background:white;\nvertical-align:baseline\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;color:#505050;border:none windowtext 1.0pt;mso-border-alt:\nnone windowtext 0in;padding:0in\"><o:p>\u00a0<\/o:p><\/span><\/span><\/div>\n<div class=\"MsoNormal\" style=\"text-align: center; margin-bottom: 7.5pt; line-height: normal; background: white;\"><span style=\"mso-bookmark:_GoBack\"><b><span lang=\"EN-IN\" style=\"font-size: 16pt; font-family: Arial, sans-serif;\"><font color=\"#000099\">Application Process<br \/>\nfor Claim<\/font><font color=\"#111111\"><o:p><\/o:p><\/font><\/span><\/b><\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin-bottom:7.5pt;text-align:justify;line-height:\nnormal;background:white\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size: 14pt; font-family: \" times=\"\" new=\"\" roman\",=\"\" serif;\"=\"\">The application<br \/>\nprocess for claiming refund shall include:<font color=\"#1e314f\"><o:p><\/o:p><\/font><\/span><\/span><\/div>\n<blockquote style=\"margin: 0 0 0 40px; border: none; padding: 0px;\">\n<div class=\"MsoNormal\" style=\"margin-bottom:7.5pt;text-align:justify;line-height:\nnormal;background:white\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;font-family:\" times=\"\" new=\"\" roman\",\"serif\";mso-fareast-font-family:=\"\" \"times=\"\" roman\";color:#1e314f;mso-fareast-language:en-in\"=\"\">(a)Every<br \/>\ndocumentary evidence to establish that a refund is due to the applicant. <\/span><\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin-bottom:7.5pt;text-align:justify;line-height:\nnormal;background:white\"><span style=\"mso-bookmark:_GoBack\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;font-family:\" times=\"\" new=\"\" roman\",\"serif\";mso-fareast-font-family:=\"\" \"times=\"\" roman\";color:#1e314f;mso-fareast-language:en-in\"=\"\">(b) Every<br \/>\ndocumentary or other evidence to establish the amount of tax and interest<\/span><\/span><span lang=\"EN-IN\" style=\"font-size:14.0pt;font-family:\" times=\"\" new=\"\" roman\",\"serif\";=\"\" mso-fareast-font-family:\"times=\"\" roman\";color:#1e314f;mso-fareast-language:=\"\" en-in\"=\"\"> paid.<o:p><\/o:p><\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin-bottom:7.5pt;text-align:justify;line-height:\nnormal;background:white\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;font-family:\n\" times=\"\" new=\"\" roman\",\"serif\";mso-fareast-font-family:\"times=\"\" roman\";color:#1e314f;=\"\" mso-fareast-language:en-in\"=\"\">Once the application is submitted, the final<br \/>\ndecision is in the hands of the tax officer and as per the decision the <\/span><b style=\"mso-bidi-font-weight:normal\"><span lang=\"EN-IN\" style=\"font-size:14.0pt;\nfont-family:\" times=\"\" new=\"\" roman\",\"serif\";mso-fareast-font-family:\"times=\"\" roman\";=\"\" mso-fareast-language:en-in\"=\"\">refund<\/span><\/b><span lang=\"EN-IN\" style=\"font-size:\n14.0pt;font-family:\" times=\"\" new=\"\" roman\",\"serif\";mso-fareast-font-family:\"times=\"\" roman\";=\"\" color:#1e314f;mso-fareast-language:en-in\"=\"\"> is provided.<\/span><\/div>\n<div class=\"MsoNormal\" style=\"margin-bottom:7.5pt;text-align:justify;line-height:\nnormal;background:white\"><span style=\"font-size: 14pt;\">\u00a0<\/span><\/div>\n<\/blockquote>\n<div class=\"MsoNormal\" style=\"margin-bottom: 7.5pt; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span lang=\"EN-IN\" style=\"font-size: 14pt;\" times=\"\" new=\"\" roman\",\"serif\";mso-fareast-font-family:\"times=\"\" roman\";color:#1e314f;=\"\" mso-fareast-language:en-in\"=\"\"><o:p style=\"\"><b style=\"font-size: 18.6667px; text-align: left; white-space: pre-wrap;\"><font face=\"Georgia\" style=\"\"><font color=\"#330033\" style=\"background-color: white;\">If you need any further help regarding<\/font><span style=\"background-color: white;\"> <\/span><a href=\"https:\/\/www.legalsalaah.com\/gst-registration-online.html\" target=\"_blank\" style=\"background-color: rgb(255, 255, 255);\"><font color=\"#000099\">GST registration online<\/font><\/a><span style=\"background-color: white;\">, <\/span><font color=\"#330033\" style=\"background-color: white;\">or <\/font><\/font><\/b><b style=\"background-color: white; font-size: 12pt;\"><span style=\"font-size: 14pt; line-height: 21.4667px; font-family: Georgia, serif; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><a href=\"https:\/\/www.legalsalaah.com\/gst-return-filing.html\" style=\"\"><font color=\"#000099\">GST return filing<\/font><\/a><\/span><\/b><b style=\"background-color: white; font-size: 18.6667px; text-align: left; white-space: pre-wrap;\"><font face=\"Georgia\"><font color=\"#330033\"> feel free to contact us 8766393412.<\/font><\/font><\/b><br \/><\/o:p><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Refund is a term which means refund of taxes or funds, when paid more than the actual tax\/funds to be given. In GST, the tax refund comes into play when:<\/p>\n","protected":false},"author":1,"featured_media":339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gst"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brief about Refund of Unutilized Input Tax Credit (ITC)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalsalaah.com\/blog\/brief-about-refund-unutilized-inputtaxcredititc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brief about Refund of Unutilized Input Tax Credit (ITC)\" \/>\n<meta property=\"og:description\" content=\"Refund is a term which means refund of taxes or funds, when paid more than the actual tax\/funds to be given. 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