GST Refund - Deemed Exports
Unlock GST Refunds for Deemed Exports with Kireeti Consultants
Hey, running a food business like rice milling or packaged water? Deemed exports under GST can be a game-changer: supplies inside India treated like exports for tax refunds, but the paperwork? Total headache. That's where Kireeti Consultants steps in: we process all docs, handle import-export filings, and snag your GST refunds fast so you keep cash flowing.
What are Deemed Exports Under GST?
Deemed exports can be understood as homegrown goods, not services, that are supplied within the country but are eligible for a GST refund as notified by the government on various grounds, like large projects or supplies in exports. Key catches: the goods will stay within India, the payment would be in rupees or forex, and either the supplier or recipient claims the refund, not both. No double-dipping of ITC is allowed. Unlike actual exports, these would have a tax, but you get your GST back—a perfect deal for manufacturers feeding into export chains.
How Kireeti Simplifies Your Refund Process
We at Kireeti Consultants guide you every step: from prepping Form GST RFD-01 with invoice statements—i.e., Statement 5B, LoU, tax invoices, and acknowledgments—to filing on the GST portal. Supplier or recipient? We check eligibility, validate GSTR-1 data, and track your ARN till the refund hits your bank—within 2 years of the return date. No more chasing officers or fixing errors; we ensure compliance for seamless deemed export refunds.