Can we get refund on electronic credit ledger of GST?
Table of Contents
- 1 Can we get refund on electronic credit ledger of GST?
- 2 How do I reverse a credit ledger balance in GST?
- 3 How do I get a refund from GST credit?
- 4 How do I claim a refund of excess balance in electronic cash ledger?
- 5 How do I claim a refund from cash ledger in GST?
- 6 What is electronic credit ledger?
Can we get refund on electronic credit ledger of GST?
(2) Where any amount claimed as refund is rejected under rule 92, either fully or partly, the amount debited, to the extent of rejection, shall be re-credited to the electronic credit ledger by an order made in FORM GST PMT-03….Refund of excess credit balance lying in Electronic Credit Ledger.
| Particulars | Case A | Case B |
|---|---|---|
| Refund of GST under Rule 89 | 90,000.00 | – |
| 90,000.00 | 180,000.00 |
How do I reverse a credit ledger balance in GST?
Ans: You may transfer the balance ITC available in old GSTIN, to the new GSTIN. This can be done by reversing the ITC in Table 4(B)(2), of the last Form GSTR-3B filed for the old GSTIN and availing the same ITC in Table 4(A)(5) of the Form GSTR-3B filed for the new GSTIN.
How do I get a refund from GST credit?
Login to your GST account on the GST Portal. Navigate to the Services > Refunds > Application for Refund option. Click on Application for Refund.
How do I clear electronic credit ledger in GST?
Here are the steps to view an Electronic Credit Ledger in the GST Portal.
- Step 1: Log in to the Portal. The taxpayer has to login to the official GST Portal.
- Step 2: Enter the Details.
- Step 3: Click Electronic Credit Ledger.
- Step 4: Select the Time Period.
- Step 5: Click GO.
- Step 6: Click Save.
Can we transfer SGST credit to Cgst?
I am having balance in CGST in electronic credit ledger, can i transfer this balance in the head igst through DRC 03 & utilise against the liability of sgst & cgst. Reply—No, balance available in electronic credit ledger under one head cannot be transfer to another head.
How do I claim a refund of excess balance in electronic cash ledger?
Step 1: Visit the official portal of GST department. Step 2: Click the Services and select “Application for Refund” tab from the Refund menu. Step 3: Select the refund type page is displayed. Select the reason as Refund of Excess Balance in Electronic Cash Ledger option.
How do I claim a refund from cash ledger in GST?
Follow the below steps to file a refund application in RFD-01: Step 1: Log in to the GST portal and go to the ‘Services’ tab, click on ‘Refunds’ and select the ‘Application of refund’ option. Step 2: In the page that appears, select the reason for refund or the type of refund and click on ‘Create refund application’.
What is electronic credit ledger?
e-Ledger is an electronic form of passbook for GST. These e-ledgers are available to all GST registrants on the GST portal. The e-ledgers contains details of the following: Amount of GST deposited in cash to government in electronic cash ledger. Balance of Input Tax Credit available (ITC) in electronic credit ledger.
How do I claim a refund in case of export?
Such taxpayer needs to login to the GST portal and selecting Services > Refunds > Application for Refund > Export of Services with payment of tax > RFD-01. The details relating to the export of services will need to be uploaded using the offline utility.
How do I transfer credit ledger from Cgst to SGST?
How to file form PMT-09 on the GST portal?
- Step 1: Log in to the GST Portal.
- Step 2: Select Services > Ledger > Electronic cash ledger.
- Step 3: Select ‘File GST PMT-09 for transfer of amount’.
- Step 4: Save the details – After saving the details, the processed records will look as below:
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