WhatsApp: 918099279989 | Email: taxupindia@gmail.com

How to Claim Refund of Excess Credit on GST Portal


There can be a lot of mistakes when filling in GST challan for making GST Payment. You may also end up paying excess GST due to this. This excess amount is shown as a balance in the Electronic Cash Ledger.

The balance in Electronic Cash Ledger can be claimed as a refund by submitting a refund application form RFD – 01. This can be done online on the GST Portal/ GSTN

The excess GST paid can be claimed as a refund within 2 years from the date of payment. This means that if excess GST is paid in the month of November 2017, GST refund application can be submitted until November 2019.

 

Here is a step by step Guide to File RFD – 01 on GST Portal:

Step 1: Login to GST Portal.

 

Step 2: Go to ‘Services’ > ‘Refunds’ > ‘Application for Refund’

 Invest in ELSS & save upto Rs. 45,000/- in taxes under section 80C

Step 3: Select ‘Refund of Excess Balance in Electronic Cash Ledger’ and click on ‘CREATE’.

Step 4: Once you click on ‘CREATE’ in the above step a screen will appear reflecting all balances in the Electronic Cash Ledger which can be claimed as refund.

You can enter values of the refund to be claimed in the editable ‘Refund Claimed’ table.

Step 6: Click on the checkbox in the declaration. Select the name fo the ‘Authorised Signatory’ from the drop-down.

Have any Question or Comment?

Leave a Reply

Your email address will not be published. Required fields are marked *







error: Content is protected !! INSTEAD Share the Link...