In 2025, businesses across India face liquidity challenges due to blocked working capital in taxes. A GST Refund ensures that any excess tax paid is rightfully credited back, fueling business growth and improving cash flow. From exporters to domestic traders, claiming a refund under GST requires precision and compliance. Liquetax makes this process seamless, transparent, and stress-free.

A GST Refund refers to the process of claiming back excess tax paid or unutilized input tax credit (ITC) under India’s GST law. It applies in cases such as exports, inverted duty structures, excess tax payments, or provisional assessments. The refund mechanism is governed by the CGST Act, 2017 and processed via the GST portal.

?? Unlocks blocked working capital ?? Improves liquidity and business cash flow ?? Mandatory for exporters to remain competitive ? Prevents accumulation of excess tax credits ?? Ensures compliance and avoids penalties

• Businesses can apply for GST Refund under conditions like:
• Export of goods/services without payment of tax (under LUT/Bond)
• Export of goods/services with payment of IGST
• Accumulated ITC due to inverted tax structure
• Excess balance in electronic cash ledger
• Tax paid mistakenly or wrong classification
• Supplies to SEZ units or developers

1. Login to GST Portal – Access refund application module
2. Select Refund Type – Export
3. ITC accumulation
4. excess cash
5. etc.
6. Upload Supporting Documents – Invoices
7. LUT
8. shipping bills
9. etc.
10. File Application (Form RFD-01)
11. ARN Generation – Application reference number issued
12. Department Processing – Verification & deficiency memo (if any)
13. Refund Sanction Order (RFD-06)
14. Refund Credit – Direct transfer to applicant’s bank account

• GST registration certificate
• Export invoices (if applicable)
• Shipping bills / Bill of export
• LUT/Bond copy (for zero-rated supply)
• Bank account proof
• Input tax invoices
• Statement of inward & outward supplies

1.Application filing fee: Nil (No govt fee on GST portal) 2.Cost involved: Professional charges for filing & documentation Liquetax provides all-inclusive packages for refund filing support.

BrightExport Pvt Ltd – An exporter of garments faced a ?25 lakh ITC accumulation. With Liquetax’s expert assistance, the refund was processed within 18 days, restoring their cash flow and allowing timely procurement for the next order cycle.