Refund of excess cash ledger balance

Compliance Pack

Refund of excess cash ledger balance

What this means, checked by a CA

If your GST cash ledger has more money than you need, you can ask for it back to your bank. We check that all returns and dues are clear, consider moving it to another GSTIN instead, file the RFD-01 claim and track it until the money is paid.

₹1,999

One time, + 18% GST

  • Delivered in 2 working days after ledger statements are shared
  • Due: Any time after dues are cleared; latest GSTR-3B must be filed; Circular 166/22/2021-GST says the two-year limit does not apply

How we do it: IDFD

Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.

InformationWhat we need from you · 6 items

  1. Electronic cash ledger statement

    Shows refundable balance by head

  2. All returns filed, latest GSTR-3B

    Portal blocks claim otherwise

  3. Liability register, no open demand

    Dues are adjusted first

  4. Validated bank account on registration

    Refund paid only there

  5. LEI number for ₹50 crore plusOptional

    Mandatory for large claims

  6. TDS or TCS credit detailsOptional

    Also refundable from ledger

DiscussionWhat we discuss · 4 items

  1. Will you need this cash for next month's tax?

    Refund may not be worth the wait

  2. Do you have another GSTIN on the same PAN?

    PMT-09 transfer is faster

  3. Any open demand or pending return?

    Blocks or reduces the refund

  4. Is the GSTIN cancelled or being cancelled?

    Check final return and access first

FormsForms we file · 4 items

  1. Confirm all returns filed and no dues; check bank validation

    Where: https://www.gst.gov.in. Due: Before filing

  2. Compute refundable amount by head

    Cash ledger balance by head minus next period's expected cash need minus any dues

    Where: Internal. Due: Before filing

  3. File RFD-01 'Excess Balance in Electronic Cash Ledger' with DSC or EVC

    Where: https://www.gst.gov.in. Due: Any time; no two-year limit per Circular 166/22/2021

  4. Track RFD-02 acknowledgement, RFD-03 or RFD-08 if raised, and RFD-06 order

    Where: https://www.gst.gov.in. Due: Order within 60 days of complete application

DeliverablesWhat you get · 2 items

  1. RFD-01 ARN

    When: On filing

  2. Refund sanction RFD-06 and bank credit

    When: Within 60 days of acknowledgement

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+ 18% GST

Book Refund of excess cash ledger balance