Tag: Refunds
The GST Council in its 31st Meeting (dt. 22 Dec. 2018) held at New Delhi has recommended to rationalise the 28% tax rate slab by reducing rates for various items. Further, …
CBIC has issued a Press Release/ Advisory for UIN Entities (Consulates, Embassies, UN Organizations) claiming GST Refunds, to make correct reporting in GSTR-11 about the “place of supply” and …
Govt. clarifies that Exporter's refund claims are being processed expeditiously. As on 31 Oct. 2018, claims of Rs 82,775 crore have been processed out of total refund claims of Rs …
CBIC has issued a circular to clarify certain issues relating to refund, like requirement of re-credit in the electronic credit ledger (using FORM GST RFD-01B) where a deficiency memo in …
CBIC extends rectification facility for Shipping Bills filed upto 15 Nov. 2018 (SB005 Errors: Differential IGST Refunds), i.e. where the refund scroll has been generated for a much lesser IGST …
CBIC has issued a Press Release to share factual figures on pending GST refund claims of exporters and to deny the print media reports with exaggerated figures (Rs. 23,000 …
CBIC has notified the Central Goods and Services Tax (Twelfth Amendment) Rules, 2018 and has substituted/ amended CGST Rule 96(10) and CGST Rule 89(4B) prospectively (i.e. from the date of notification …
CBIC has clarified that where exporters have opted/ preferred to take drawback at higher rate in place of IGST refund for the period 1 July 2017 to 30 Sept. 2017, …
CBIC has notified the Central Goods and Services Tax (Eleventh Amendment) Rules, 2018 and has substituted/ amended CGST Rule 96(10) relating to refund of IGST paid on exported Goods/ Services, with retrospective …
CBIC has issued clarification circular regarding eligibility of UN/ specified international organizations, foreign diplomatic mission or consular posts, diplomatic agents and consular offices post therein for refund of GST Compensation …