Income Tax Notification Issued on 30/04/2025: ITR Forms for AY 2025-26 On April 30, 2025, the Income Tax Department officially notified the revised ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year (AY) 2025-26. This notification enables individuals, Hindu Undivided Families (HUFs), and firms with income up to ₹50 lakh to begin filing their income tax returns for income earned in the Financial Year 2024-25 (April 1, 2024 to March 31, 2025)
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Income Tax Notification Issued on 30/04/2025: ITR Forms for AY 2025-26 On April 30, 2025, the Income Tax Department officially notified the revised ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year (AY) 2025-26. This notification enables individuals, Hindu Undivided Families (HUFs), and firms with income up to ₹50 lakh to begin filing their income tax returns for income earned in the Financial Year 2024-25 (April 1, 2024 to March 31, 2025)
+91 84472 00944
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+91 84472 00944

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✅ GST Refund – Rules & Eligibility (As per Government Norms)



📌 What is a GST Refund?

A GST refund refers to the return of excess GST paid or accumulated Input Tax Credit (ITC) under certain circumstances, governed by Section 54 of the CGST Act, 2017.

👤 Who is Eligible to Claim GST Refund?

A registered person may claim a refund in the following situations:


Situation Reference
Export of goods or services (Zero-rated supply) Sec 16, IGST Act + Sec 54, CGST Act
Supplies made to SEZ units or developers (Zero-rated supply) Sec 16, IGST Act + Rule 89, CGST Rules
Deemed export supplies (e.g. EOUs) Notif. 48/2017 + Rule 89(2)(g)
Accumulated ITC due to inverted duty structure Sec 54(3), CGST Act
Tax paid on intra-State supply treated later as inter-State (and vice versa) Sec 77, CGST Act
Finalisation of provisional assessment Rule 92, CGST Rules
Refund of excess tax paid due to mistake Sec 54(1), CGST Act
Refund on account of court or tribunal order Sec 54(1), CGST Act
Tax refund for UN bodies, embassies, notified agencies Sec 55, CGST Act
International tourists (on goods taken abroad) Sec 15, IGST Act
Balance in electronic cash ledger (excess cash deposit) Rule 89(1), CGST Rules
Refund on cancelled transactions (via refund vouchers) Rule 89(2)(j), CGST Rules
Casual and non-resident taxable persons Rule 89(2)(k), CGST Rules

🗂️ General Refund Conditions & Procedure

Form to File: GST RFD-01 (online via GST portal)
Time Limit: Within 2 years from the relevant date
Supporting Docs: Invoice details, FIRC (for exports), declarations, etc.
Refund Time: Within 60 days of complete application
Provisional Refund: 90% refund for zero-rated supplies within 7 days

🔒 Other Key Provisions

Unjust Enrichment Test: Refunds generally must prove tax incidence was not passed on, except for exports, ITC accumulation, wrong tax payments, etc.

Self-Declaration/CA Certificate:
Up to ₹2 lakh – self-declaration
Above ₹2 lakh – CA/Cost Accountant certificate