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 Clarification on Payment of CGST/ SGST instead of IGST on Supply of Warehoused Goods
CBIC clarifies that where taxpayers have paid CGST/ SGST on supply of warehoused goods while depositing in custom bonded warehouse during July 2017 to March 2018 (treating such supplies …
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CBIC has notified that Exemption from tax under 'Reverse Charge Mechanism (RCM)' under GST stands rescinded w.e.f. 1 Feb. 2019 in respect of Intra-state Purchases of Goods and Services from …
CBIC Denies Claims of Export Bodies on pending GST Refund Claims; shares Factual Figures
CBIC has issued a Press Release to share factual figures on pending GST refund claims of exporters and to deny the print media reports with exaggerated figures (Rs. 23,000 …
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, …
GST TCS Collection Rates Applicable for E-com Operators for Inter/ Intra-state Supplies, notified by CBIC
CBIC has notified the 'GST TCS Collection Rates', i.e. 1%/ 0.5% of net value, applicable for 'E-commerce Operators' (not being agents) on Inter-state/ Intra-state Supplies made through it by other …
‘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 …