By Mr. Ramesh Chandra Jena, Advocate Export Promotion Scheme under Chapter 4 of the Foreign Trade Policy 2015-20 is having provision of several schemes to boost exports of the Country by way of giving incentives to the domestic manufacturers to enhance export production. In order to give relief to the exporters by reimbursement of all […]
Circular No. 162/18/2021-GST dated 25.09.2021 providing clarification on Relevant date for refund in respect of transactions considered as Inter State instead of Intra State supply or vice versa
Circular No. 162/18/2021-GST dated 25.09.2021 provides clarification in respect of refund under Section 77 of the CGST Act/ Section 19 of IGST Act, 2017 for transactions considered as Inter State instead of Intra State supply or vice versa which are summarised as under: Sub-rule (1A) has been inserted after sub-rule (1) of rule 89 of […]
IGST refunds are hold-up due to invoice mismatch (SB005)-Circular 05/2021-Customs
Source : CBIC A Circular no. 05/2021-Customs is published by CBIC dated 17.02.2021. Vide this circular a facility is given to exporters to resolve invoice mis-match error (SB005) as because of this error the refund on exports with payment of IGST gets on hold. Previously, a circular was issued to provide facility to trade to […]
GST Return filing system (v3.0) w.e.f. 01.01.2021
Article by, CA HARSHIL SHETH, Email : [email protected] Contact: 9879831157 Title: GST Return filing system (version 3.0) from 01.01.2021 Intention to Overhaul GST return filing system, But is it correct solution in reality ??? (Notification 82 to 85 is published to notify / amend rule 60/61/62/61A. Also Circular No.143/13/2020 is issued). This article is presented […]
WRIT ISSUED BY GUJARAT HIGH COURT IN THE CASE OF M/S HEAVY METAL.
A Writ of Mandamus is a judicial remedy which a person aggrieved can seek from a court. Mandamus is an order or direction from a court to any government, subordinate court, corporation, or public authority, to do or forbear from doing some specific act which that body is obliged under the law to do or […]
Refund cannot be denied merely based on the Circular
The Hon’ble Madras High Court in the case of M/S. PRECOT MERIDIAN LIMITED VERSUS THE COMMISSIONER OF CUSTOMS, THE ASSISTANT COMMISSIONER OF CUSTOMS has ruled on 19.11.2019 that the petitioner is entitled for refund and it cannot be ignored by citing the circular. Accordingly, the respondents are directed to refund the amount of IGST paid […]
Refund of tax under GST
Section 54 of CGST Act, 2017 provides for refund of tax. Time-period to claim refund: Any person claiming refund of any tax and interest which he has paid may make an application before the expiry of two years from the relevant date. “Relevant date” is defined as under: (a) in the case of goods exported […]