GST Refunds Support Services

GST Refunds Support Services

In order to make exports of services or goods from India internationally competitive, the Government of India has zero rated such exports. Consequently, the services or goods exporting community is entitled to obtain refunds of input tax credits or utilise such credits to offset domestic output taxes (i.e. CGST or SGST, IGST). The IT & the ITES industry is a key part of the service exporting community and is expected to be a major beneficiary of such refunds in terms of being competitive in the global marketplace.

As per section 16 of the Integrated Goods & Services Tax Act, 2016, every registered person can export goods & / or services with / without payment of IGST. Exporters can claim refund of IGST paid.

Refund on Export of Goods and Services:

As per the Indian Foreign policy only goods and services should be exported out of India, associated tax should not be exported. This is achieved either by allowing purchase of inputs net of taxes or by granting refund of taxes embedded in the publication of final product/services. There are multiple modes of claiming refund. The decision to choose particular option depends on multiple factors. We, at Taxpert Professionals, have in-depth knowledge of interconnections among various indirect tax laws, understand the intricacies in different refund options, undertake cost-benefit analysis and suggest best workable options in your peculiar case. It includes the following services:

How Taxpert Professionals can assist you?

  • Analysis and evaluation of best available modes of refund/rebates
  • Advisory on designing of internal system for generation of necessary documentation for preparing refund claim as per the Indian GST Laws.
  • Assistance in preparation and submission of refund claim with the GST Refund Authority as per statutory requirement

Representation before the Refund Authority for any query \ follow us or in case of rejection of refund claim

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