
Gyanendra Tripathi
Indirect Tax
Tax and Regulatory Services
Under the Goods and Services Tax (GST) law, an exporter is allowed to claim refund of the accumulated Input Tax Credit (ITC) or the tax paid on the exports. In addition, refunds are also granted in various other scenarios, such as accumulation of ITC due to inverted tax structure, excess payment of tax, etc.
While the law provides for such refunds, the process is highly procedural and driven by detailed documentation, strict timelines and system validations. Errors in data, incomplete annexures or inadequate supporting documents often result in delays, rejections or prolonged follow-ups with tax authorities, leading to cash flow pressures for businesses.
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