New GST Rule for Refund of Tax Wrongly Paid I CA Satbir Singh
New GST Rule for Refund of Tax Wrongly Paid I CA Satbir Singh
Tag Archives: GST Refund
IGST refunds- mechanism to verify the IGST payments for goods exported out of India : Circular No 25/2019 Customs
IGST refunds- mechanism to verify the IGST payments for goods exported out of India in certain cases. Circular No 25/2019 Customs Dated 27th August 2019 Click here to Download
Verification of IGST payments for goods exported for GST Refund :. Circular No. 16/2019-Customs
IGST refunds-Procedure for verification of IGST payments for goods exported out of India due to fraudulent ITC claims by some exporters. Circular No. 16/2019-Customs Circular No. 16/2019-Customs F. No. 450/119/2017-Cus-IV(Pt.I) Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes& Customs) **** Room No. 227B, North Block Dated June 17, 2019… Read More »
New GST refunds authority for Quick and Easy refund
GST Refund Process will be simplified Expect the GST refunds process to become faster and simpler than past, soon. News agency PTI reports that a single authority for sanctioning and processing GST refunds is in the offing as the Finance Ministry looks to speed up and simplify the process for exporters. If the authority is… Read More »
Automated GST refund for exporters From June 2019
Exporters of goods and services as well as suppliers to SEZ units are likely to get GST refunds automatically from June as the revenue department plans to introduce faceless scrutiny of refunds and faster claim settlement, an official said. Under GST, every person making a claim of refund on account of ‘zero-rated’ supplies has two options. Either… Read More »
GST Refund on export of Exempted Goods or services
GST Refund on export of Exempted Goods or services ? छूट वाले सामान के निर्यात पर जीएसटी रिफंड [Also Refer GST Refund : Free Study Material ] As per Para No 6 of Circular No 45/19/2018 GST Dated 30.05.2018 6. Whether bond or Letter of Undertaking (LUT) is required in the case of zero rated supply of exempted or non-GST goods and whether refund can be… Read More »
Recredit of Rejected GST Refund Claim to Electronic Credit Ledger
Recredit of Rejected GST Refund Claim to Credit Ledger रिजेक्टेड रिफंड क्लेम का री-क्रेडिट Circular No 59/33/2018 GST Dated 4th Sep 2018 4. Re-credit of electronic credit ledger in case of rejection of refund claim: 4.1 In case of rejection of claim for refund of unutilized input tax credit on account of ineligibility of the said… Read More »
Time to get GST Refund : जीएसटी रिफंड पाने का समय
Time to get GST Refund : जीएसटी रिफंड पाने का समय
How to calculate refund for inverted duty structure in case of multiple inputs
Refer Circular No 79/50/2018 GST Dated 31st December 2018 : Clarification on refund related issues Product GST Rate Value GST Total GST Output Y 12% 3000 360.00 360.00 Total GST on Output (b) 360.00 Product GST Rate Value GST Total… Read More »
GST Refund for Recipient of Deemed Export : FAQs and Process
Refund on account of Refund by Recipient of Deemed Export 1. What are the preconditions for filing a refund application as recipient of deemed exports supplies? The following conditions must be met for being eligible to file form RFD-01A, for refund by recipient of deemed exports: The Taxpayer is registered with GST Portal and holds… Read More »