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Explore insights into navigating challenges with GST refunds for exporters in India, focusing on Rule 89(4) and Rule 89(4B). Learn from the Filatex case and strategies for dispute resolution.
Exports are a crucial component of economic growth and development of any country. They are catalyst in expansion of markets, diversify their economies, improve their balance of trade, and promote international cooperation. As such, countries that invest in developing their export capacity are likely to reap significant benefits in terms of economic growth and prosperity.
It is a well know policy of government that goods or services can be exported but taxes should not be exported. Under GST law exports of goods and services are treated as Zero rated supply which entitles an exporter to claim refund in terms of Section 16(3) of IGST Act, 2017. He may either claim […]
In the Union Budget 2019-20, the Hon’ble Finance Minister announced the ‘Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019’. The Scheme has now been notified and will be operationalized from 1st September 2019. The Scheme would continue till 31st December 2019.
A. Preface 1. Our Finance Minister, Shrimati Nirmala Sitharaman, in her budget speech mentioned that more than Rs. 3.75 lakh croreis blocked in pending litigations from the Pre-GST Regime i.e., in Service Tax And Excise. In view of such huge funds being blocked, she proposed a “Legacy Dispute Resolution Scheme” (The Scheme) that would allow […]
Saraf Natural Stone Vs UOI (Gujarat High Court) After implementation of GST, refund on exports got substantially delayed to most of the exporters resulting into blockage of working capital and harming the business of exporter community. In a recent Judgement delivered by The Hon’ble Gujarat High Court in Matter of M/s. Saraf Natural Stone Vs […]
In this article will shall discuss the legal issues and recent development on issue of GST on Ocean freight in below mention seriatim: 1. Introduction: Economy perspective 2. What is Ocean Freight? 3. Dual taxation 4. Interplay of Reverse charge and Place of provision of Service 5. Valuation of Service 6. Advance Ruling and recent Judicial development: 7. Conclusion and Way forward
In this article, we shall discuss the Applicability of Service tax on Ocean freight paid along with value of goods in case of Import of goods. After the introduction of negative regime the provision related to Ocean freight underwent sea of changes which can be understood from below mentioned flow chart.
AAP And Co., Chartered Accounts Vs. Union of India (Gujarat High Court) Press release for Form GST-3B changing last date for credit challenged: Gujarat High Court issues notice to Centre, GST Council and State Petitioner chartered accountant firm “AAP & Co.” challenged the Press release dated 18.10.2018 to the extent that the last date for […]
While admitting a petition seeking interest / compensation for delay in both provisional as well as final refund of GST beyond stipulated period, the Gujarat High Court has issued notices to Centre, CBIC and GSTN.
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