India is currently going through unprecedented growth trajectory. With the coming up of NDA Government in 2014 with optimistic P.M Mr. Narendra Modi, Businesses across the globe is attracted towards India for starting their business here. GoI is implementing initiatives that not only will facilitate investments into India but will also make India a better […]
CA Aayush Saraswat- I was introduced to running half marathons sometime back in 2013. It was the winter season and we would be normally playing cricket matches every weekend. That’s when someone pointed out having run a half marathon and it created a certain aspiration towards achieving something that’s not common to everyone.
CBIC on 9th October 2018 had introduced the Central Goods and Services Tax (12th Amendment) Rules, 2018 vide the Notification 54/2018 under the head ‘Central Tax’. This amendment has been made with respect to IGST refund claims of the exporters with GST registration.
It has been noticed that unverified reports of pending GST refunds on account of exports are published in the print media by trade bodies. These figures being put out in the public domain are exaggerated and thus inaccurate. It is a fact that a large number of exporters have been granted refunds so far while a few claims are still pending owing to deficiencies found in the claims.
A) GST Refund for for multiple tax periods: Application for GST Refund can now be filed for multiple tax periods, in following refund cases : 1. Export of services with payment of tax with facility to upload Statement 1 2. ITC accumulated due to Inverted tax structure with facility to upload Statement 2 3. On […]
Appellant Foundation of Tax and Accounting Professionals (FTAPs) has withdrawn the writ in view of Further extension of Tax Audit Due Date by CBDT to 31.10.2018.
