Revised Procedure of IGST Refunds by Exporters
CBIC has issued Circular No. 16/2019 Customs dt. 17 June 2019 to modify the automated process for claiming IGST refunds by Exporters. Now all risky/ suspicious exporters will face …
Tag: IGST
CBIC Aligns Amended Provisions of GST Laws for Registration in the case of E-commerce Operators providing Services in Special Category States
CBIC has amended Notification No. 65/2017-Central Tax dt. 15 Nov. 2017 for implementation of amendments in provisions relating to requirement of GST registration applicable for e-commerce operators making supply …
CBIC Rescinds RCM Exemption on Purchases from Unregistered Dealers upto Rs. 5,000
CBIC has notified that Exemption from tax under 'Reverse Charge Mechanism (RCM)' under GST stands rescinded w.e.f. 1 Feb. 2019 in respect of Intra-state Purchases of Goods and Services from …
IGST refund not Allowed to Exporters after claiming benefit of higher duty drawback rate: CBIC Clarification
CBIC has clarified that where exporters have opted/ preferred to take drawback at higher rate in place of IGST refund for the period 1 July 2017 to 30 Sept. 2017, …
‘Cost Accountants’ Authorised by CBIC to Certify ‘IGST Refund Claims’ of Exporters
CBIC has authorised the 'Cost Accountants' to certify the 'IGST Refund Claims' of Exporters whose records were not transmitted from GSTN to Customs due to mismatch in GSTR 1 and …
Integrated Goods and Services Tax (IGST) Amendment Act 2018 notified by Govt
Govt. has notified the 'Integrated Goods and Services Tax (IGST) Amendment Act 2018', making changes in various provisions effective from the date as may be notified by the CBIC/ …
18% IGST Applicable on Invoice for HO Expense attributable to Units in Other States: Advance Ruling
As per Advance Ruling issued by the Karnataka GST AAR in the case of M/s Columbia Asia Hospitals Pvt. Ltd. Bengaluru, 18% IGST is applicable on Invoices raised by …
Reverse Charge Mechanism (RCM) under GST Suspended till 30 Sept. 2019, notifies CBIC
CBIC has notified that the provisions relating to Reverse Charge Mechanism (RCM) under GST, i.e. under Section 9(4) of the CGST Act, 2017, Section 5(4) of the IGST Act, 2017 and Section 7(4) …
CBEC Clarifications on Furnishing of Bond/ LUT for Exports without IGST Payment
CBEC has issued various clarifications/ circulars, from time to time, on furnishing of Bond/ Letter of Undertaking (LUT) by the Exporters for Exports without payment of IGST and also …
CBEC Extends GSTR-5 (July~Dec. 2017) Due Date upto 31 Jan. 2018 for Non-Resident Taxable Person
The CBEC has notified further extension of due date upto 31 Jan. 2018 for filing of return in Form GSTR-5 (applicable for Non-resident Taxable Person), for the period July …