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Questions on ITC/GST refund


Rohan (Proprietor)     18 February 2021

Rohan
Proprietor 
 3 points

| My Other Post

Hello Everyone,

I had a couple of questions about GST refunds. I have a proprietorship firm and have filed for GST refund/ITC on 5 Jan, 2021 for the last quarter of 2020 (Oct-Dec).

The accumulated ITC was for GST paid on purchase of online advertising (Google and Facebook Ads) and as I provide services through "export of services without payment of GST" to foreign clients. I was informed by a CA that I'm eligible for 100% refund for GST paid.

Now my question is how long does it take for refund/ITC application to be processed and ITC to be credited to my savings bank account, that's already added on GST portal and was also selected during filing for ITC claim?

 

Thanks for going through the post and look forward to your advice/answers. 




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