Clarifies that export value used in refund calculation must be consistently applied in both numerator and denominator. Highlights that inconsistency leads to notices and delays.
A common GST issue in export of services relates to the correct exchange rate for currency conversion, often misunderstood by professionals. Many incorrectly apply the Customs notified exchange rate, which is applicable only to import and export of goods. For services, the correct provision is Rule 34(2) of the CGST Rules, 2017, which mandates that […]
The issue was denial of export benefits due to place of supply rules for intermediaries. The amendment allows such services to qualify as exports, improving global competitiveness.
GST clarifications on how to handle wrongly rejected invoices, debit notes, or credit notes in the Invoice Matching System to correctly claim Input Tax Credit.
Understand the legal framework for GST refunds on inverted duty structures. Learn about applicable rules, exclusions, and the impact of recent court rulings and CBIC circulars.
Explore the concept of debit notes in GST, their issuance criteria, legal provisions, contents, and eligibility for input tax credit with detailed examples and analysis.
Learn about the extension of the RoDTEP scheme for Export Oriented Units (EOUs), Advance Authorization Holders, and Special Economic Zones (SEZs) until September 2024, its benefits, eligibility criteria, and the process to avail them.
