IGST

Interest on Delay Refund: 9% Payable from date of Filing of GSTR-3B

Goods and Services Tax - Recent Judgement in the case of Saraf Natural Stone Vs UOI (Gujarat High Court) on Interest on Delayed Refund from Honorable Gujrat High Court as under – Facts: M/s. Saraf Natural Stone (referred as ‘SNS’), is partnership firm engaged in exporting of marble or natural stones, has refund claim for the exports made, the department...

Read More

Export of Goods, as Defined in IGST Act, is Not Export Supply of Goods

Goods and Services Tax - Definition of expression export of goods represents activity of taking goods out of India to a place outside India. In this definition, activity of supply is missing. In the Constitution of India, for an export supply of goods or services or both, expression supply of goods, or of services or both in the course of import of the goods or s...

Read More

Provisions under Goods and Services Tax (GST) for Duty Free Shops

Goods and Services Tax - In March 2018, under GST law, an Advance Ruling was pronounced, in the matter of ‘ROD Retail Private Limited‘, [2018-VIL-09-AAR] on the taxability of sale from Duty Free Shops under GST Law. In this case, considering the definition of ‘export of goods’ (which means taking goods out of India to a place outside India) and [&...

Read More

SEIS and taxability of such notified export of services under IGST Act

Goods and Services Tax - Service Exports from India Scheme (SEIS) and taxability of such notified export of services under IGST Act Focus: Deemed export of goods under section 147 does not include deemed ‘export of services’ and hence the notified goods only enjoys the privileged benefit of being called as ‘deemed to be exported’ and thus can avail benefi...

Read More

New Utilization of Input Tax Credit Rules Effective from 1st April, 2019

Goods and Services Tax - The input tax credit utilization rule has undergone a huge roller coaster ride since introduction of the Goods and Service Tax Law. Every registered taxpayer dealing with the GST would be much concerned about the input tax credit utilization rules since it directly affects its finance and working capital at a large. Stage-wise provisions ...

Read More

DGGI (HQs) arrests two in cases of fraudulent IGST refund claims

Goods and Services Tax - Two Arrests have been made by the Directorate General of GST Intelligence (HQs) in cases of fraudulent IGST refund claims here, today. As per the statement of the DGGI (HQs), the action was taken on receipt of an input from Allahabad Bank, Paschim Vihar, New Delhi that suspicious transactions were noticed in the accounts of […]...

Read More

Genuine exporters would continue to get their IGST refunds: CBIC

Goods and Services Tax - Some newspapers have today highlighted a perceived set-back to the automated process of refunds for exporters under GST on account of the introduction of manual checks to curb large scale frauds in IGST refunds. These news items regrettably create a misleading impression that genuine exporters would suffer on account of the newly introduc...

Read More

CBIC issues 23 New notification on 29.03.2019- GST on Real Estate

Goods and Services Tax - CBIC issues 23 notifications / Orders on 29th March 2019 which related to new rate of CGST in the real estate (residential unit). Notifications relates to Rate of Tax payable on Real Estate Sector Services and Goods, Applicability of Reverse Charge Mechanism on Real Estate Goods and Services and also  Applicability of Reverse Charge Mech...

Read More

CBIC issues 13 GST notification on 29.01.2019 wef 01.02.2019

Goods and Services Tax - CBIC issues 13 Notifications on 29th January 2018 which includes the following- 1. notifications to specify that Reverse Charge Mechanism on Procurement from Unregistered Dealers which was deferred till 30.09.2019 to be completely withdrawn with effect from 1st February 2019 2. It further notified applicability of CGST (Amendment) Act,201...

Read More

CBIC releases 44 GST Notification / Circular / Order on 31.12.2018

Goods and Services Tax - GST Council has made several recommendations related to GST Rate Reduction on Good and Services, Late Return Filing Fees Waiver, Extension of Due date of GST Return Filing, Simplification of Annual GST Return and to provide clarification related to GST on Various Services in its 31st GST Council Meeting held on 22nd December 2018. To [&he...

Read More

Department to pay Interest on delay in Grant of IGST refund to Exporters @9% p.a

Saraf Natural Stone Vs UOI (Gujarat High Court) - 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 C...

Read More

Circular cannot run contrary to Statutory Provisions to deny IGST Refund

M/s. Amit Cotton Industries vs. Principal Commissioner of Customs (Gujarat High Court) - M/s. Amit Cotton Industries vs. Principal Commissioner of Customs (Gujarat High Court) Circular cannot run contrary to Statutory Provisions –Guj HC orders grant of IGST Refund Facts: Writ-applicant had exported goods in July 2017. It is the case of the writ-applicant that it is eligible to seek re...

Read More

IGST Refund cannot be denied on account of Technical Glitches

Vsg Exports Pvt Ltd Vs. Commissioner of Customs (Madras High Court) - Vsg Exports Pvt Ltd Vs. Commissioner of Customs (Madras High Court) Facts Refund of Integrated Tax (IGST) paid on the goods exported out of India. Since the respondents did not refund the IGST amount, the Writ Petition was filed. According to the petitioner, they have claimed lower rate drawback as ...

Read More

IGST on Goods warehoused in FTWZ & supplied to a DTA unit

In re M/s. The Bank of Nova Scotia (AAR Tamilnadu) - In re M/s. The Bank of Nova Scotia (AAR Tamilnadu) 1. Whether IGST is payable on Goods warehoused in FTWZ and supplied to a DTA unit, in addition to the customs duty payable [i.e. Basic Customs Duty(BCD) + IGST] on removal of goods from the FTWZ unit? 1. For supply of warehoused goods, while being [...

Read More

GST on movement of goods from HO to branches in other states for further supply of goods on hire

In re Sanghvi Movers Limited (GST AAR Maharashtra) - Circular No.21/21/2017 - IGST which exempts from tax interstate movement of rigs, tools, spares, and all goods on wheels [ like cranes ] where interstate movement of such goods is not for further supply of same goods is not applicable to the facts of present transaction as in the present case inters...

Read More

Refunds of IGST paid on import in case of specialized agencies – reg

Circular No. 23/2019-Customs - (01/08/2019) - Board has received various representations wherein specialized agencies have raised the matter of refund of IGST paid on imported goods. It has been informed that the specialized agencies are paying IGST on import of goods but the refund of same is not being processed by Customs formations....

Read More

CBIC exempts hiring of Electric buses by local authorities from IGST

Notification No. 13/2019- Integrated Tax (Rate) [G.S.R. 542(E).] - (31/07/2019) - Notification No. 13/2019- Integrated Tax (Rate)- CBIC seeks to exempt the hiring of Electric buses by local authorities from IGST. Government of India Ministry of Finance (Department of Revenue) Notification No. 13/2019- Integrated Tax (Rate) New Delhi, the 31st July 2019 G.S.R. 542(E).– In e...

Read More

IGST rate on Electric Vehicles, charger or charging stations for EVs

Notification No. 12/2019-Integrated Tax (Rate) [G.S.R. 541(E).] - (31/07/2019) - Notification No. 12/2019-Integrated Tax (Rate)- CBIC seeks to reduce GST rate on Electric Vehicles (EVs), and charger or charging stations for Electric vehicles. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2019-Integrated Tax (Rate) New Delhi, the 31st July, ...

Read More

Tax on goods exported earlier for exhibition purpose/consignment & applicability of Notification No. 45/2017-Customs

Circular No. 21/2019-Customs - (24/07/2019) - Representations have been received for clarifying the issue of applicability of Notification no. 45/2017-Customs on the re-import of goods which had been earlier exported either for participation in exhibition or on consignment basis....

Read More

Clarifications on Refunds of IGST paid on import in case of risky exporters

Circular No. 22/2019-Customs - (24/07/2019) - Board has received representations wherein various exporters and organisations have raised the issue of repeated opening of export containers for 100% examination related to risky exporters, under the new procedure laid down in Circular 16/2019-Customs dated 17.06.2019. Exporters have taken the plea...

Read More

Recent Posts in "IGST"

Interest on Delay Refund: 9% Payable from date of Filing of GSTR-3B

Recent Judgement in the case of Saraf Natural Stone Vs UOI (Gujarat High Court) on Interest on Delayed Refund from Honorable Gujrat High Court as under – Facts: M/s. Saraf Natural Stone (referred as ‘SNS’), is partnership firm engaged in exporting of marble or natural stones, has refund claim for the exports made, the department...

Read More

DGGI (HQs) arrests two in cases of fraudulent IGST refund claims

Two Arrests have been made by the Directorate General of GST Intelligence (HQs) in cases of fraudulent IGST refund claims here, today. As per the statement of the DGGI (HQs), the action was taken on receipt of an input from Allahabad Bank, Paschim Vihar, New Delhi that suspicious transactions were noticed in the accounts of […]...

Read More

Export of Goods, as Defined in IGST Act, is Not Export Supply of Goods

Definition of expression export of goods represents activity of taking goods out of India to a place outside India. In this definition, activity of supply is missing. In the Constitution of India, for an export supply of goods or services or both, expression supply of goods, or of services or both in the course of import of the goods or s...

Read More

Refunds of IGST paid on import in case of specialized agencies – reg

Circular No. 23/2019-Customs (01/08/2019)

Board has received various representations wherein specialized agencies have raised the matter of refund of IGST paid on imported goods. It has been informed that the specialized agencies are paying IGST on import of goods but the refund of same is not being processed by Customs formations....

Read More

CBIC exempts hiring of Electric buses by local authorities from IGST

Notification No. 13/2019- Integrated Tax (Rate) [G.S.R. 542(E).] (31/07/2019)

Notification No. 13/2019- Integrated Tax (Rate)- CBIC seeks to exempt the hiring of Electric buses by local authorities from IGST. Government of India Ministry of Finance (Department of Revenue) Notification No. 13/2019- Integrated Tax (Rate) New Delhi, the 31st July 2019 G.S.R. 542(E).– In exercise of the powers conferred by sub-s...

Read More

IGST rate on Electric Vehicles, charger or charging stations for EVs

Notification No. 12/2019-Integrated Tax (Rate) [G.S.R. 541(E).] (31/07/2019)

Notification No. 12/2019-Integrated Tax (Rate)- CBIC seeks to reduce GST rate on Electric Vehicles (EVs), and charger or charging stations for Electric vehicles. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2019-Integrated Tax (Rate) New Delhi, the 31st July, 2019 G.S.R. 541(E).– In exercise o...

Read More

Provisions under Goods and Services Tax (GST) for Duty Free Shops

In March 2018, under GST law, an Advance Ruling was pronounced, in the matter of ‘ROD Retail Private Limited‘, [2018-VIL-09-AAR] on the taxability of sale from Duty Free Shops under GST Law. In this case, considering the definition of ‘export of goods’ (which means taking goods out of India to a place outside India) and [&...

Read More

SEIS and taxability of such notified export of services under IGST Act

Service Exports from India Scheme (SEIS) and taxability of such notified export of services under IGST Act Focus: Deemed export of goods under section 147 does not include deemed ‘export of services’ and hence the notified goods only enjoys the privileged benefit of being called as ‘deemed to be exported’ and thus can avail benefi...

Read More

Department to pay Interest on delay in Grant of IGST refund to Exporters @9% p.a

Saraf Natural Stone Vs UOI (Gujarat High Court)

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 Sto...

Read More

Tax on goods exported earlier for exhibition purpose/consignment & applicability of Notification No. 45/2017-Customs

Circular No. 21/2019-Customs (24/07/2019)

Representations have been received for clarifying the issue of applicability of Notification no. 45/2017-Customs on the re-import of goods which had been earlier exported either for participation in exhibition or on consignment basis....

Read More

Browse All Categories

CA, CS, CMA (4,223)
Company Law (4,935)
Custom Duty (7,351)
DGFT (3,973)
Excise Duty (4,228)
Fema / RBI (3,811)
Finance (3,985)
Income Tax (30,522)
SEBI (3,178)
Service Tax (3,468)