The Central Board of Indirect Taxes and Customs (CBIC) clarified the amount of CGST, SGST or IGST wrongly paid for intra-State or inter-State shall be refunded within 2 years. The Board has received representations seeking

The Goods and Services Tax Network ( GSTN ) has added two new features in the GST portal including List of Preferred Banks list while making Payment and the Monthly Refund applications by Quarterly GSTR-1

In pursuance to the Government’s decision vide Press Note on 8th April 2020 to issue pending income tax refunds up to Rs 5 lakh in order to help taxpayers in a COVID-19 pandemic situation, the

It has been noticed that unverified reports of pending GST refunds on account of exports are published in the print media by trade bodies. These figures being put out in the public domain are exaggerated

In order to speed up the process of GST refund clearances to the ultimate exporters, the Central Board of Excise and Customs (CBEC) on Friday met exporters to discuss the clearance of pending dues under the new tax

Two Arrests have been made by the Directorate General of GST Intelligence (HQs) in cases of fraudulent IGST refund claims here, today. As per the statement of the DGGI (HQs), the action was taken on

Around Rs 22,000 crore GST refund is yet to be released by the Government. This creating liquidity problem for exporters and impacting overseas shipments, Federation of Indian Export Organisations (FIEO) President Ganesh Gupta said. The

The Reserve Bank of India (RBI) ordered the Banks and NBFCs to immediately make a policy to refund the ''interest on interest'' charged during the moratorium. The Circular was issued by the RBI with regards

The Central Government is likely to offer granting Goods and Services Tax ( GST ) refunds to foreign tourists at airports at the time of exit. The decision, if implemented, would definitely have a positive

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) Ahmedabad bench presided by Mr. Ramesh Nair, Member (Judicial) and Mr. Raju, Member (Technical) has held that limitation cannot start to run unless the right to

In a major relief to MSMEs, the Central board of Indirect Taxes and Customs (CBIC) on Thursday launched a special drive to facilitate disposal of all such pending claims. The 'Special Refund and Drawback Disposal

The Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that a cash refund is allowable when an assessee working under central excise exemption notification. The refund issue involved was

The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that  Adjudicating Authority committed error by not sanctioning GST refund claim of pre-deposit, penalty involved along with interest. The appellant, M/s.Vandana

Refunds of GST have been a concern for the Government and Trade for the past several months.  In this regard, the CBIC has observed two special drives cum refund fortnights in the Month of March

The Government has launched the second “Special Drive Refund Fortnight ”from 31.5.2018 to 14.6.2018. During the first Refund Fortnight from 15th to 29th March an amount of Rs.5350 crore was sanctioned and during this fortnight over Rs