GST Refund Consultants

We, at VJM & Associates LLP believe in offering qualitative value-added services to our clientele.  Our GST refund application process has its foundation built on comprehensive process checklists, document verification and categorisation, reconciliation with GST records and periodical follow ups and pursuing the refund application with the GST authorities.

With such comprehensive process in place, all you need is to provide us the required data, sit back and await receipt of the refund orders.  Engage us for your GST refund claims and see the difference.

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Know More about GST Refund

Globally, it is a general norm that exports should be zero rated, i.e., only the real value of goods/ services should be exported and not the taxes.  In line with this objective to make Indian exports competitive in the international markets, The Government of India has implemented various policies/ laws to ensure that exports are not burdened with excessive taxes or duties and various options have been provided to the exporters to make their exports tax-free.

On similar lines, GST also provides for certain conditions where Export of services would be zero rated. Under GST regime, money is refunded under the zero-rating principle to promote exports. It has been ensured that the tax refunds are done at the earliest so that the rhythm in export growth is maintained.

Refund in case of exports is possible under two scenarios:

  • Exports of goods and services without payment of tax (filing LUT)
  • Exports of goods and services with payment of tax (payment of IGST)

Refund under the GST law may arise under different circumstances as under. Below are the types of refund under GST.

  • Exports of goods or services
  • Domestic supplies
    • Supplies to SEZs units and developers
    • Deemed exports
  • Inverted Duty structure
  • Purchases by specified persons
    • United Nations or embassies of foreign countries in India
    • International tourists at the time of their departure from India
  • Administration and compliance
    • Judgement, decree, order, Direction etc. of any appellate authorities or courts
    • Pre-deposits
    • Advance tax payments
    • Excess payments
    • Provisional assessments

Letter of Undertaking is an undertaking given to the GST authorities for export of goods and services without any payment of taxes.  The LUT shall have a validity period till the end of the relevant financial year and a fresh LUT has to be filed and applied every financial year. In this connection, the exporter agrees to fulfil certain conditions and agrees to be bound by the declaration given in the LUT.

Conditions for LUT

  • Goods are should be exported outside India within 3 months from the issuance of export invoice
  • Services equivalent to the amount invoice should be actually rendered
  • Realisation of export proceeds in convertible foreign exchange should be received within one year from the date of invoice

In case of failure to realise the amount in convertible foreign exchange or failure to export goods/ services as applicable, applicable Integrated Goods and Services Tax (‘IGST’) computed along with interest at 18% per annum shall become payable

Upon realisation of export proceeds in convertible foreign exchange, the taxpayers would be eligible to file a refund application by furnishing the required details in the GST portal. The refund of the Input Tax Credit (‘ITC’) standing to the credit of the taxpayer shall be eligible for refund.

Export of goods and services could be undertaken based on payment of applicable taxes at the time of export. In this connection, the existing ITC in the books of the taxpayers could be utilised for payment of applicable IGST arising on the value of exports.

Upon export of services and subsequent realisation of the export proceeds, the taxpayers would be eligible to file a refund application by furnishing the required details in the GST portal. The applicable taxes paid on export shall be eligible for refund.

In case of export of goods via ship or air, the Shipping Bill/ the Airway Bill would itself act as a refund application and shall follow due course of law for grant of refund of the IGST paid on exports.

What they say about us

We give full credit to VJM for streamlining our company’s GST compliance. Their dedicated team of learned professionals have a focussed approach & exceptional clarity when it comes to any questions pertaining to GST. I can say, without their support, it would not have been possible for us to sail past the initial turbulent period when GST was launched. Our best wishes always with them !
Siddharth Gupta
CEO, Craft Home, Export House

GST Services

Know more about our complete portfolio of GST Services.

GST Audit

Professional GST audit needs a strong mechanism and digital environment through the examination of the records to ensure full compliance of tax rules. At VJM & Associates LLP, we offer error-free GST audit services after thoroughly checking the important audit check-points. ​

Refund under GST​

Interested in filling for GST refunds? Contact us to identify that you are eligible for a GST refund. We will help you file your claim through online GST Refund Form RFD-01 or from customs department via IGST route. Don’t miss the timeline. Claim it through us within the relevant date.​

GST Advisiory​

Our GST advisory services focus on the applicability of taxes on various transactions conducted or proposed to be undertaken and the overall tax performances of our clients, creating value and greater opportunities for developing a more strategic approach to tax.

Representation under GST

Your search for expert in GST for the representation under GST comes to an end as soon as you reach VJM & Associates LLP. We have years of experience and exposure for representation to authorities at various levels. We have expertise in solving various issues related to a dispute between tax authorities and supplier under the GST. ​

GST Outsourcing

If you are looking for a trustworthy partner or a reliable vendor for outsourcing your GST tasks, we will be the right fit for you. We keep a world-class pool of professional GST consultants to provide you with a complete solution, covering almost all areas of GST, bookkeeping and accounting tasks, GST returns etc.

Accounting & Reporting

We are the market leaders to deliver a higher-quality accounting and reporting solution to our clients more quickly and efficiently in an environment of technological change, digital demonstration, could computing, online bookkeeping and GST filing, and increased regulatory changes and scrutinizes.

Why Choose us

Client Centric Approach

Client is the key driver of our service offerings.  Our approach to service offerings is based on a client centric and customised approach.  Our specialised teams are a mix of technical and industry experience in order to serve clientele for their specific needs.

Quick
Turnaround

We always endeavour for a quick turnaround time to serve our clientele.  We are supported by an experienced and client focussed support teams to offer timely services to our clientele. In case of any business exigencies and time sensitive service requirements, you can always count on us.

Team
Work

We have built high performing teams supported by strong work ethic. Our team is a mix of experts, professionals and support staff from technical and varied academic, cultural, social and ethnic backgrounds.  We believe that this diversification plays a vital role in motivating the team into High Performing Teams.

Open
Communications

We believe that open communication is the core principle in order to demonstrate trust, build long lasting and valuable relationships with clientele.  We are committed to ensuring transparency in communication, service offerings and delivery. 

Driving quality in delivery

Our service offerings are driven by quality and reviews at every level. We strive to provide a qualitative and value-added delivery to our clientele. At all times, we endeavour to provide exceptional client service by meeting client expectations and driving client satisfaction.



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