New IT Rule 40G/ Form 29D for Refund u/s 239A of Incorrect TDS u/s 195
New IT Section 239A has been inserted by the Finance Act 2022, which provides for refund of tax deducted (TDS) u/s 195 on any income (other than interest income) …
Tag: Refunds
CBIC Master Circular e-Refund process from 26/09/2019 (GST RFD 01)
CBIC has issued Master Circular on Procedure for electronic submission and processing of refund applications in supersession of earlier Circulars (e refund process) through Form GST RFD 01 applicable …
Revised Procedure for IGST Refunds to Exporters
CBIC has issued Circular No. 16/2019 Customs dt. 17 June 2019 to modify the automated process for claiming IGST refunds by Exporters. Now all risky/ suspicious exporters will face …
IGST refund not Allowed to Exporters after claiming benefit of higher duty drawback rate: CBIC Clarification
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, …
‘Cost Accountants’ Authorised by CBIC to Certify ‘IGST Refund Claims’ of Exporters
CBIC has authorised the 'Cost Accountants' to certify the 'IGST Refund Claims' of Exporters whose records were not transmitted from GSTN to Customs due to mismatch in GSTR 1 and …
Processing of refund applications of ‘Canteen Stores Department (CSD)’: CBIC Clarification
CBIC clarifies various issues related with filing and processing of refund applications in the case of 'Canteen Stores Department (CSD)'.
CBIC Clarification on ‘Refund’/ ‘Lapse’ of ‘Accumulated ITC on Fabrics (Textiles Sector)
CBIC has clarified various issue relating to 'refund' or 'lapse' of 'accumulated ITC on Fabrics (Textiles Sector)', as notified based on recommendations of the GST Council.
List of Documents Required for Deemed Exports Refunds notified by CBEC
CBEC notifies the list of documents required as evidence, which are to be submitted by the exporter/ supplier eligible for refund under CGST Rule 89(2)(g) in respect of deemed exports, …
CBEC notifies SGST/ UTGST Officers as Proper Officer for Sanctioning CGST Refunds
CBEC notifies the SGST/ UTGST Officers as the Proper Officer empowered for Sanctioning CGST Refunds to the registered taxpayers in their respective jurisdiction u/s 54 and 55 of the …
CBEC Instructions for IGST Refund to Exporters under CGST Rule 96
CBEC has issued Instructions/ Guidelines to Field Formations for smooth handling of the Refunds of IGST paid on export of goods (by exporters) under Rule 96 of CGST Rules …