Delhi: GST dept busts ₹14cr refund fraud, 1 held
The department of trade and taxes of Delhi government said they have busted a case of GST refund fraud amounting to approximately ₹14 crore and have also arrested a proprietor.
Tag: GST Refund
Delhi: GST dept busts ₹14cr refund fraud, 1 held
The department of trade and taxes of Delhi government said they have busted a case of Goods and Services Tax (GST) refund fraud amounting to approximately ₹14 crore and have also arrested a proprietor.
How One Email ID and 4 Fake Firms Led to ₹14 Cr GST Scam in Delhi
The Delhi government’s Department of Trade and Taxes busted a network of individuals who had created and operated four fictitious firms solely to illegitimately claim GST refunds under the guise of genuine business activities, reported PTI.
Gujarat High Court brings finality to IGST refund disputes: What this means for Indian exporters
A recent decision by the Gujarat High Court in the case of Cosmo Films Ltd vs. Union of India and the connected batch has brought much-needed clarity and relief to India’s export community.
HC orders refund of input tax credit on closure of operations
The Sikkim high court has ruled that businesses are entitled to a refund of unutilised input tax credit (ITC) even upon the discontinuation or closure of operations.
Half-Cooked Precedent on ITC Refund after Business Closure?
Ordered cash refund with interest, saying Section 49(6) & 54(3) contain
“no express prohibition” against refund on closure of business
Refund of ITC in GST permissible in Case of discontinuation of Business
The Hon’ble Sikkim High Court in SICPA India Private Limited & Anr. held that refund of unutilized ITC can be claimed even in case of closure of business. Further, the Court observed that there is no express prohibition under Section 49(6) read with Sections 54 and 54(3) of the CGST Act restricting such refund. Although Section …
System Validation for Filing of Refund Applications on GST Portal for QRMP Taxpayers
Post implementation of the above validation, it was observed that taxpayers registered under the QRMP scheme encountered issues while attempting to file refund applications.
Refund claim for ITC accrued before July 18, 2022 cannot be denied
The Hon’ble Supreme Court in the case of Gemini Edibles and Fats India Ltd. dismissed the SLP against the Hon’ble Andhra Pradesh High Court ruling where refund claims for ITC accrued before July 18, 2022 could not be denied solely because they were filed after said date, as Notification No. 9/2022-Central Tax (Rate) dated July 13, 2022 applies prospectively.
Updates in Refund Filing Process for various refund categories-Reg
GSTN has issued advisory informing about the important changes made in the refund filing process under the following categories: