Refund under GST 

Efficient tax refund mechanisms are crucial in facilitating trade and business growth by unlocking funds for working capital, expansion, and modernization. The GST law aims to simplify and standardize refund procedures, introducing online, time-bound processes, a significant departure from previous complexities. GST refunds are categorized into input tax credit and output tax paid.

Refunds cover various scenarios, including zero-rated supplies, deemed exports, and unutilized input tax credit due to inverted duty structures. Eligibility is outlined in Sections 16 and 54 of the respective GST Acts, extending to notified entities like UN agencies, embassies, and specialized institutions.

Refund procedures involve timely application submission through the common portal, with specific timelines for different scenarios. Relevant dates for refund determination vary based on the nature of the transaction, such as export mode or service completion. Legal precedents emphasize fair hearings and statutory compliance in refund adjudication, ensuring rightful claimants receive due refunds.