There is no doubt that the apex authority to supervise and resolve various issues with regard to Goods & Service Tax, i.e. the GST council has always drafted and duly implemented all the necessary socialist reforms in their regular meetings. Moreover, the GST laws have been recurrently amended or modified so as to make them more favorable for different sectors of the economy.
Very importantly, various provisions under the Central Goods and Services Tax, 2017 India have been so far amended repeatedly in the previous GST council meetings, as to make them more user-friendly.
In this context, the Central Board of Indirect taxes and Customs (CBIC) on 9th of October 2018 had officially announced 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 in respect of IGST refund claims of the exporters who have GST registration.
As discussed above, the main idea behind the CGST (12th Amendment) Rules-2018 is to facilitate easier claim of IGST refunds. In this regard,
The department has introduced the amendment in the CGST Rule 89(4B), wherein the exporter having GST registration and carrying out export with the unique Import Export Code can claim his refund in the following case-
The GST department has also made the amendment in the CGST Rule 96(10), wherein the exporter having GST registration and conducting export with the Import Export Code registration can claim his refund in the following cases-
Surely, these amendments will make the GST refund process more smooth and hassle-free for the exporters and in turn, will boost export promotion in India.