New SOP for Exporters for GST Refund :Circular No 131/1/2020 GST

By | January 24, 2020
(Last Updated On: January 24, 2020)

Standard Operating Procedure (SOP) to be followed by exporters -reg.

Circular No.131/1/2020-GST

Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
GST Policy Wing

New Delhi, Dated the 23rd January, 2020

The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/
Commissioners (All)

Subject: Standard Operating Procedure (SOP) to be followed by exporters– regarding
As you are aware, several cases of monetisation of credit fraudulently obtained or ineligible credit through refund of Integrated Goods & Service Tax (IGST) on exports of goods have been detected in past few months. On verification, several such exporters were found to be non-existent in a number of cases. In all these cases it has been found that the Input Tax Credit (ITC) was taken
by the exporters on the basis of fake invoices and IGST on exports was paid using such ITC.

Download Complete Circular Click here

Leave a Reply

Your email address will not be published. Required fields are marked *