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Integrated Tax

Foreign Trade Policy 2015-2020 extended for 6 months till Sep 2021 [Read Notification]

Taxscan Team

The Directorate General of Foreign Trade (DGFT) notified the amendment in Foreign Trade Policy 2015-2020. The existing Foreign Trade Policy...

5% GST not applicable to the bulk drug Danuorubicin, Epirubicin, Idarubicin and Zoledronin Acid: AAR...

Interglobe Aviation entitled to exemption from payment of Integrated Tax on re-import of repaired...

Goods Imported as Gifts can be allowed Import Free on payment of Full Applicable Fees: DGFT [Read...

CBEC Clarifies Issues on Movement of Goods on Approval Basis under GST [Read Circular]

Concept Note on Refund of Integrated Tax Paid on Account of Zero rated supplies Released

The Central Government recently issued a concept note on refund of Integrated Tax paid on account of zero rated supplies under the Goods and Services Tax (GST) regime. Under GST, Exports and supplies...

Customs dept Clarifies Issues related to Bond/ LoU for Exports without payment of IGST

The Customs Department recently issued a public notice clarifying the troubles related to issue of Bond or Letter of Undertaking for exports without payment of Integrated Tax under the Goods and...

Registered Persons can Claim Refund of Integrated Tax Paid on Export of Goods or Services: Govt Amends CGST Rules

The Central Government notified the amended rules relating to the Central Goods and Services Tax (CGST). The amendment inserts a new clause, Rule 96A to the CGST Rules which allows a registered...