1 / 3

How to Claim Unutilized ITC GST Refund Easily in India

Learn how to apply for Unutilized ITC GST Refund with Easy GST Refund. Step-by-step guidance for businesses to claim their eligible GST refunds.

Easy86
Download Presentation

How to Claim Unutilized ITC GST Refund Easily in India

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How to Claim Unutilized ITC GST Refund Easily in India Learn how to apply for Unutilized ITC GST Refund with Easy GST Refund. Step-by-step guidance for businesses to claim their eligible GST refunds. Understanding Unutilized ITC GST Refund – A Complete Guide For many businesses in India, Input Tax Credit (ITC) plays a crucial role in managing GST. However, when the ITC remains unutilized due to inverted duty structures or zero-rated supplies, businesses are eligible to claim a refund on unutilized ITC. In this blog, we’ll guide you through the process of claiming yourUnutilized ITC GST Refund with the help of Easy GST Refund, your trusted GST consultant in Jaipur. What is Unutilized ITC? Unutilized Input Tax Credit refers to the credit accumulated when the tax paid on purchases (input) is more than the tax payable on sales (output). This usually happens in the following cases: 1. Inverted Duty Structure – where input tax is higher than output tax. 2. Zero-Rated Supplies – like exports or supplies to SEZ units, which are exempt from GST. In such cases, businesses can claim a refund on the accumulated ITC as per Section 54 of the CGST Act. Who Can Claim Unutilized ITC GST Refund? You are eligible to claim an Unutilized ITC GST Refund if: ● You deal in goods/services with an inverted duty structure. ● You make zero-rated supplies without payment of tax under LUT (Letter of Undertaking). ● You have filed your GST returns regularly.

  2. Documents Required for ITC Refund To claim your refund, you must have: ● GST Return filings (GSTR-1 and GSTR-3B) ● Invoices related to input and output tax ● Statement of inward and outward supplies ● Bank account details ● LUT Certificate (in case of zero-rated supply) How Easy GST Refund Helps You Easy GST Refund, located in Jaipur, Rajasthan, specializes in helping businesses claim GST refunds in the fastest and most accurate way possible. Our services include: ● Full assessment of your eligible ITC ● Preparation and filing of refund application ● Continuous tracking and follow-up ● Error-free documentation

  3. ? Visit us at: Easy GST Refund –Unutilized ITC GST Refund, Jaipur, Rajasthan Step-by-Step Process to File Unutilized ITC GST Refund 1. Check eligibility under the inverted duty structure or zero-rated supply. 2. Prepare documentation and verify ITC balances. 3. File Form GST RFD-01 online on the GST portal. 4. Upload relevant documents. 5. Wait for the acknowledgement and refund order from the tax officer. Final Thoughts If you’re unsure about how to claim your Unutilized ITC GST Refund, don’t worry. With Easy GST Refund, the process becomes smooth, quick, and stress-free. Our team ensures you get your rightful refund without delays. Need Help? ?Call us today or visit us atUnutilized ITC GST Refund, Jaipur. ? Let Easy GST Refund handle the complexities while you focus on growing your business.

More Related