How To Refund An Overpayment

Table of contents:

How To Refund An Overpayment
How To Refund An Overpayment

Video: How To Refund An Overpayment

Video: How To Refund An Overpayment
Video: Quickbooks Online Tutorial for Beginners 2019 - How to Refund a Customer Overpayment 2024, April
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When paying insurance premiums at the end of the year, an overpayment may be found, which, according to the law, can either be returned or offset in the next period.

How to refund an overpayment
How to refund an overpayment

Instructions

Step 1

Before starting the procedure for the return or offset of overpaid insurance premiums, together with the Pension Fund or with the FSS, reconcile the calculations to clarify the overpaid amount.

Step 2

Enter these reconciliations into the act in accordance with the approved form of the relevant department.

Step 3

If everything fits together, then you can start the refund procedure. And for this, write a statement in the form of order number 979-N.

Step 4

The control bodies are obliged to make a decision on the return (offset) or refusal within 10 days from the date of receipt of your application or from the date of signing the act of joint verification.

Step 5

The control body, after making a decision, is obliged to notify you of the results in writing within 5 working days.

Step 6

If a positive decision is made to return the overpaid funds, then the money must be returned to you within 1 month from the date of receipt of the application from you. For each overdue day, interest is charged on the overpaid amount in your favor until the money is returned to you.

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