Goods and Services Tax - As per Section 16(1) of the IGST Act 2017, the Supplies to SEZ are treated as zero-rated supply thereby the supplier supplying goods or services cannot charge GST to SEZ....
Read MoreGoods and Services Tax - Hon’ble High court in the instant case held that there is no merit in the impugned order passed by the authorities denying the benefit of refund of unutilized input tax credit of zero rated supplies effected by the petitioner. Hence, the petition has been allowed together with consequential relief and above observations....
Read MoreGoods and Services Tax - GST Refund is only available if it is the case of zero rated supply or in case rate of tax on input is higher than the rate of output supply. The term used in the second case is Input and not Input services. This means, that by this section no refund of input services can be made when rate of of tax on input services is higher than the ra...
Read MoreGoods and Services Tax - Now that election results of five state assemblies which went to polls is February – March, 2022 have been announced with BJP winning four states, while one going to AAP party for the first time. These results reflects that there is going to be stability in policy making and Governance which will only be beneficial […]...
Read MoreGoods and Services Tax - Availment, utilisation and refund eligibility of ITC on capital goods on rendering of zero-rated supplies by taxpayers registered as Regular or EOU/STPI/SEZ/HTP etc.: Brief background: Goods and Services Tax law provides specific mechanism to claim refund of tax paid on zero-rated supplies or refund of unutilized input tax credit ‘ITCâ€...
Read MoreGoods and Services Tax - Processing of Refund application of tax amount of more than Rs 2 Crore:- All the refund applications where the applicant has claimed more than Rs 2 Crore of total tax amount, the application shall be processed at the Ward level by the ETO-cum-Proper Officer and Tax Inspector in accordance with the provisions of the law and the instruct...
Read MoreGoods and Services Tax - Important GST Update IFSC of below 8 banks are changed due to merger. Taxpayers may update their Bank Account details through non-core Amendments and update refund application, in case failed due to validation error sent by PFMS. List of Banks – 1. Dena Bank, 2. Vijaya Bank, 3. Corporation Bank, 4. Andhra Bank, 5. Syndicate […]...
Read MoreGoods and Services Tax - CBIC has extended the time limit for sanction of pending IGST refunds in such cases where records have not been transmitted to ICEGATE due to GSTR1 and GSTR3B mismatch error....
Read MoreGoods and Services Tax - 53 GST and Trade Associations, under the banner of the ‘All India Joint Representation Committee for GST’, have come together, to submit a joint representation to the Union Finance Minister, Smt.Nirmala Sitharaman, on various relaxations which are required in GST to ease the suffering of businesses as well as meet the emergent...
Read MoreGoods and Services Tax - Taxpayers Beware !!! Please do not click on any fake link which promises to give refund. These are phishing messages and are not sent by CBIC or @Infosys_GSTN. Visit http://gst.gov.in for online filings related to GST #IndiaFightsCorona #StaySafe...
Read MoreATC Tires Private Limited Vs Joint Commissioner of GST & Central Excise (Appeals) (Madras High Court) - ATC Tires Private Limited Vs Joint Commissioner of GST & Central Excise (Appeals) (Madras High Court) The purpose of granting refund on zero rated supply is to ensure that the exports are competitive in the international market and such transactions are not burdened with taxes. The export by the...
Read MoreRainbow Stones Private Limited Vs Assistant Commissioner (ST) (Madras High Court) - Rainbow Stones Private Limited Vs Assistant Commissioner (ST) (Madras High Court) Under Section 142(3) of CGST Act, 2017, it is provided that, every claim for refund filed by any person before, on or after the appointed day (i.e. 01.07.2017), for refund of any amount of CENVAT credit, duty, tax, int...
Read MoreSNG Impex Through Proprietor Satya Narayan Gupt Vs Principal Commissioner of Customs (Gujarat High Court) - SNG Impex Through Proprietor Satya Narayan Gupt Vs Principal Commissioner of Customs (Gujarat High Court) At the outset, Mr. Choudhary, the learned counsel submitted that during the pendency of the present writ application, the refund of IGST of Rs.7,69,093/- has been sanctioned and paid to the writ...
Read MoreHardik Textiles Through Its Prop. Hardik Patel (Gujrat High Court) - Hardik Textiles Through Its Prop. Hardik Patel (Gujrat High Court) It is not in dispute that due to the mistake of the consultant engaged by the petitioner, the amount has been deposited in the wrong account. The bank details are to be entered under RFD-05. The petitioner also did not raise the gr...
Read MoreParekh Plastichem Distributors LLP Vs Union of India (Gujarat High Court) - Parekh Plastichem Distributors LLP Vs Union of India (Gujarat High Court) The plain reading of Section-56 of the Act would indicate that if any tax, which is ordered to be refunded under Sub-section (5) of Section-54 to any applicant, is not refunded within sixty days from the date of receipt of the...
Read MoreLetter No. GST/2021-22/36/Commercial Tax - (20/04/2022) - Refund under section 77 of the UPSGST Act / section: 19 of the IGST Act would not be available where the taxpayer has made tax adjustment through issuance of Credit note under section 34 of the UPSGST Act in respect of the said transaction'...
Read MoreCircular CCT's Ref No: BII (3)/104/2021 - (22/02/2022) - AG Audit - Draft Subject Specifiable Compliance Audit report on 'Refunds  Under Goads and service tax purposed for Inclusion in the Audit report  of the Comptroller end Auditor General of India for the year ended 31st march,2020 (Revenue Sector)-Instruction issued-...
Read MorePress Release No. 523 - (17/02/2022) - Setup of ‘GST Refund Help Desk’ in the office of Pr. CCA, CBIC 1. The office of Pr. CCA, CBIC has setup a ‘GST Refund Help Desk’ for addressing payment related problems faced by the taxpayers. Contact details of the Help Desk is as under: Name of Nodal Officer     : Ms Anita Rawat, A...
Read MoreMemo No. 193/GST- II - (15/02/2022) - Processing of Refund application of tax amount of more than Rs 2 Crore:- All the refund applications where the applicant has claimed more than Rs 2 Crore of total tax amount, the application shall be processed at the Ward level by the ETO-cum-Proper Officer and Tax Inspector in accordance with th...
Read MoreCircular No. 168/24/2021-GST - (30/12/2021) - CBIC notifies Mechanism for filing of refund claim by the taxpayers registered in erstwhile Union Territory of Daman & Diu for period prior to merger with U.T. of Dadra & Nagar Haveli vide Circular No. 168/24/2021 – GST Dated: 30th December, 2021. Mechanism for filing of refund claim b...
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ATC Tires Private Limited Vs Joint Commissioner of GST & Central Excise (Appeals) (Madras High Court) -
Letter No. GST/2021-22/36/Commercial Tax - 20/04/2022
Rainbow Stones Private Limited Vs Assistant Commissioner (ST) (Madras High Court) -
SNG Impex Through Proprietor Satya Narayan Gupt Vs Principal Commissioner of Customs (Gujarat High Court) -
Hardik Textiles Through Its Prop. Hardik Patel (Gujrat High Court) -
Parekh Plastichem Distributors LLP Vs Union of India (Gujarat High Court) -
Shivaco Associates Joint Commissioner of State Tax (Calcutta High Court) -