CBIC issues Changes in SOP for Verification of IGST and Other Related Aspects [Read Circular]

CBIC - SOP - IGST -Taxscan

The Central Board of Indirect Taxes (CBIC) on Wednesday issued changes in Standard Operating Procedure (SOP) dated January 23, 2020, for the purpose of verification of Integrated Goods and Service Tax (IGST) and other related aspects.

The objective of the Standard Operating Procedure (SOP) dated January 23, 2020, was to verify the existence of exporters and mitigate the risk of fraudulent refund of IGST paid through utilizing the ITC which was availed on the basis of fake invoices; refund scrolls in such cases are kept in abeyance till the verification; and so on.

Recently, the Board received the representations against delay in the release of 10ST refunds including regarding cases of delay beyond 6 months. With a view to curtailing the delay in finalization of the report, the Board has re-examined the SOP dated January 23, 2020.

The Board has advised the Zonal Chief Commissioner of CGST & CX Zones to review the position and ensure that all pending verification reports get forwarded to DGARM latest by June 5, 2020. The Zonal Pr. Chief Commissioners/Chief Commissioners are also advised to put a process in place to ensure that in future all such verifications are completed and a report sent to DGARM maximum within 3 weeks of receipt of the request of verification from DGARM.

In order to cut down the time taken in the grant of NOC by streamlining the process, in partial modification to the SOP dated  January 23, 2020, the Board prescribed the changes with immediate effect.

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