Question 1

What is GST refund?

Accepted Answer

It is the refund of excess GST paid.

Question 2

Who can claim GST refund?

Accepted Answer

Exporters and businesses with excess ITC.

Question 3

How long does it take?

Accepted Answer

Usually 15–45 days after filing.

Question 4

Can refunds be rejected?

Accepted Answer

Yes, if documentation is incorrect.

Question 5

Is follow-up required?

Accepted Answer

Yes, for faster processing.

Question 6

What is GST audit?

Accepted Answer

It is a review of GST records and returns.

Question 7

Why is GST audit important?

Accepted Answer

To ensure compliance and avoid penalties.

Question 8

Who needs GST audit services?

Accepted Answer

Businesses registered under GST.

Question 9

What is ITC verification?

Accepted Answer

Checking accuracy of input tax credit claims.

Question 10

Can errors be corrected after audit?

Accepted Answer

Yes, through proper rectification.

Question 11

What is e-invoicing?

Accepted Answer

It is electronic authentication of invoices under GST.

Question 12

Who needs e-invoicing?

Accepted Answer

Businesses above prescribed turnover limits.

Question 13

What is IRP?

Accepted Answer

Invoice Registration Portal for validation.

Question 14

Is e-invoicing mandatory?

Accepted Answer

Yes, for applicable businesses.

Question 15

Can it integrate with ERP?

Accepted Answer

Yes, through API integration.

Tax & GST

GST Refund Processing