The GST ACT allows foreign entities like Consulates, Embassies and other UN organizations who have made their roots in India to claim the GST which they paid.
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The GST ACT allows foreign entities like Consulates, Embassies and other UN organizations who have made their roots in India to claim the GST which they paid.
In a tackling situation for the members of the Jalandhar-based rubber goods industry, they are thinking of approaching the GST (Goods and Services Tax) council as they are not getting a GST refund.
Finally, the prime minister takes the step into the long pending GST refund issues of the exporters as the PMO organized a meeting with Mr. Narendra Modi to listen all the related grievances summoning the CBIC.
The drawback of the input duty refund under the duty drawback scheme is that it is lower as compared to last year’s IGST refund as claimed by the exporters which further noted by the Commerce Ministry.
Recently the goods and service tax network issued an advisory for all the taxpayers who are set to file tax returns for multiple tax periods. This advisory was done in the presence of doubts by taxpayers on filing returns.
Recently the exporters charged allegation against the government for not clearing GST refund claims of around 22,000 crores as the finance ministry itself dismissed the facts stating them exaggerated and inaccurate.
Exporters and the overseas shipments are in liquidity problems as the government has held more than 22,000 crores as stated by the FIEO recently.
The tax refund mechanism is being deeply examined by the Government and the Government laid emphasis on easing the process of refund for the exporters.
The input credit returns for all businesses could now be easily claimed. The GST return process has been simplified by the central government by the introduction of GSTR-2A form.