Are there any minimum amount fixed under GST refund?

 

What is Goods and Service Tax (GST)

GST, frequently asked Questions

 

MINIMUM AMOUNT BELOW WHICH REFUND SHALL NOT BE GRANTED

 

Are there any minimum amount fixed under GST refundFiling of refund application and processing of the same involves investment of resources, in terms of time, money and manpower, by both the applicant and tax administration. Therefore the amount should not be meager enough to create uneconomical burden on the applicant as well as tax administration. Looking at the rising inflation, it is recommended that an amount in the range of Rs. 500-1000/- may be fixed below which refund shall not be granted. This limit should be uniform for both CGST/IGST and SGST.

 

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Comments


Sushil: In GST act section 54(14) given that minimum amount should be minimu 1000/- rs, below it refund should not be granted. please clarify that this amount should be total amount of refund means (cgst+igst+sgst) or per act minimum 1000/- rs means (cgst 1000,sgst1000,igst1000)

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