REFUND OF ACCUMULATED GST-ITC, Goods and Services Tax - GST

[SAFETAB LIFESCIENCE]

Dear Team,

What is the proceedure to get refund of excess/accumulated GST-ITC ?

Every month, the closing balance of ITC is gradually increasing in Electronic Credit Ledger......

We want refund since our fund is unnecessarily blocked and we need for the same for working capital..

Any time frame is there......

Posts / Replies

[Somil Bhansali]

As per law, refund of accumulated credit can be claimed at end of financial year.

[CS SANJAY MALHOTRA]

Please read the provisions as stated in Section 18 of CGST Act alongwith Rule 89.