Recently, amidst COVID – 19, one important development that has taken place on the GST portal is the utility for Form GST PMT – 09 has been activated. Form GST PMT -09 enables a taxpayer to transfer amount from one minor head/major head to another minor/major head. For instance, taxpayer has paid Rs. 10,000 in […]
GST Refund vis-à-vis temporary GST registration-CBIC had mentioned 12 categories (one being residuary category) under which refund application has to be filed electronically. One such situation is ‘refund on account of assessment/appeal/any other order’. To file an online refund application, a person must have a GST registration in a state where he/she seeks the refund. However, there are cases when the department granted temporary registration to a person in a state where he/she does not carry out any business. Let us first examine the Rule 16 which is related to suo moto registration.
In my last article ‘‘Decoding India’s Trade Agreements – Part –1‘ , I had discussed about the various types of International Trade Agreements and their importance and as to why the exporters and importers should be aware of the various benefits available to them for the exports from India and imports into India. In this […]
In the recent years, the world is witnessing a rapid proliferation of Free Trade Agreements (FTAs). The world trading system has witnessed an increasing number of integration initiatives in recent years on the back of comparative advantages. For India too it became necessary to be integrated into the global trade to attain its economic growth […]
The importers and exporters are in a state of shock as well as dilemma after the issuance of Trade Notice No. 46/2019-20 dated 17.1.2020 which was issued with regard to the imports and exports under the ‘others‘ category. The notice states that importers and exporters have been casually mentioning the Harmonised System (HS) code for […]
The issues in GST do not seem to be paving way for solutions in near future. This article is regarding highlighting the problem in the latest circular issued by the CBIC vide Circular No. 113/32/2019-GST dated 11.10.2019 in respect of the classification of parts of medical equipments. The issue that has been dealt in point […]
