In a recent circular, the Central Board of Indirect Taxes and Customs ( CBIC ) has authorized the Cost Accountants to certify the ‘IGST Refund Claims’ of Exporters whose records were not transmitted from GSTN to Customs due to the mismatch in GSTR 1 and GSTR 3B.
With this, the Cost Accountants are also empowered to issue requisite certificates at par with the Chartered Accountants.
In May, the Board had provided an interim solution to the problem faced by the exporters whose records were not transmitted from GSTN to Customs due to the mismatch in GSTR 1 and GSTR 3B. The interim solution was subject to undertakings/ submission of CA certificates by the exporters as given in
Circular 12/2018-Customs and post-refund audit scrutiny.
Following this, the Cost Accountants association have made several representations to the CBIC for authorizing them also to give certificates to the exporters on said subject.
“The matter has been examined in the Board and it has been observed that under CGST Act, 2017, Cost Accountants have also been recognized for various certifications/ representations like in Section 35, Section 66, Section 116 and Section 48 read with Rule 24 of Return rules. Hence, it has been decided that Cost Accountants are also authorized to provide the requisite certificates as envisaged under Circular 12/2018-Customs dated 29.05.2018,” the Board said.
