��� GST Services – Refund of Input Tax Credit (ITC)
DGFT EXIM offers specialized assistance for businesses seeking refunds of Input Tax Credit (ITC) under India's Goods and Services Tax (GST) framework.
For businesses engaged in both domestic and export activities, timely refund of ITC is crucial to maintain cash flow and operational efficiency. Under the GST law, exporters and eligible taxpayers can claim refunds on the GST paid on inputs, input services, and capital goods, subject to specified conditions.
📌 What is an ITC Refund?
Input Tax Credit (ITC) is the tax paid on purchases of goods or services used in the course of business. When the accumulated ITC exceeds the GST liability—commonly in export transactions (which are zero-rated supplies)—the business is eligible to claim a refund of the unutilized ITC from the government.
📌 Key Scenarios for ITC Refund
Export without IGST Payment
Export of goods or services without payment of IGST (under LUT/Bond)
Inverted Duty Structure
Accumulated ITC due to inverted duty structure
Excess Credit Balance
Refund of excess balance in Electronic Credit Ledger
SEZ Supplies
Supplies to SEZ units or developers without payment of tax
Deemed Export Supplies
Deemed export supplies
📌 How DGFT EXIM Assists
Our GST refund services cover:
Eligibility Assessment
✔️ Eligibility assessment and refund structuring
Application Preparation
✔️ Preparation and submission of refund applications (Form GST RFD-01)
Document Compilation
✔️ Compilation of required supporting documents
Data Verification
✔️ Verification and rectification of data discrepancies
GST Officer Liaison
✔️ Liaison with GST officers for clarification and query resolution
Follow-up Services
✔️ Follow-up for faster processing and refund disbursal
📌 Why Choose DGFT EXIM?
- ✅ In-depth understanding of GST refund procedures and regulatory compliance
- ✅ Expertise in export-related GST refund cases
- ✅ Tailored advisory for each client's specific business and tax scenario
- ✅ End-to-end support — from documentation to refund sanction order
📑 Conclusion
Efficient management of ITC refunds is vital for exporters and businesses dealing in zero-rated or concessional supplies under GST. DGFT EXIM offers reliable, end-to-end assistance to secure timely and accurate GST refunds, ensuring optimal cash flow and compliance.
📞 Contact our GST advisory team today for seamless ITC refund solutions.