Daily Archives: June 13, 2017

GST RFD 1 – Download Print – Application for Refund of GST

By | June 13, 2017

Final GST Refund Rules Approved by GST Council 18.05.2017 FORM GST RFD 01 [See rule——] Application for Refund Select: Registered / Casual/ Unregistered/Non-resident taxable person Download GST-RFD-01 in PDF Note : as per  Second Amendment (2018) to CGST Rules vide Notification No 12/2018 Central Tax dated 7th March, 2018 in FORM GST RFD-01, for the DECLARATION [second proviso to section… Read More »

Adjustment of seized / requisitioned cash against advance tax liability – CBDT Circular

By | June 13, 2017

Summary : Several Courts held that on an application made by the assessee, the seized money is to be adjusted against the advance tax liability of the assessee. Subsequently, Explanation 2 to Section 132B of the Act was inserted by the Finance Act, 2013 w.e.f. 01-06-2013, clarifying that “existing liability” does not include advance tax… Read More »