Gst Refunds

Net GST collections in December grow by 3.3%, reaching Rs 1.54 trillion

The gross GST collection - the amount before adjusting for refunds - rose by 7.3 per cent in December to Rs 1.76 trillion

Siam writes to govt, pushes for GST reduction on low-carbon two-wheelers

Siam adds in the letter that India should reduce the GST across all two-wheelers from 28 per cent to 18 per cent, a long-standing demand from the industry

CBIC notifies guidelines for GST investigation, prior approval for big cos

GST field officers will now have to seek the approval of their zonal principal chief commissioners to initiate an investigation against any big industrial houses or major MNCs and levy duty on goods/services for the first time. The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines for Central GST (CGST) officers. According to the guidelines, when a taxpayer is simultaneously being investigated by the state GST and DGGI officers on different subject matters, the principal commissioner will "consider the feasibility" of only one of the offices pursuing all the cases with respect to the taxpayer. The guidelines have also set a deadline for tax officers to conclude an investigation within one year of their initiation. CBIC further said that in initiating an investigation with respect to a listed company or PSU or seeking details from them, the CGST officers should issue "official letters instead of summons" to the designated officer of the entity, detailing the .

Contribution of cesses to central govt's tax kitty doubles to over 18%

States have been concerned about increasing cases of Centre imposing cesses for garnering additional revenue

Govt stands to lose whether it saves debt-laden Vodafone Idea or not

Vodafone Idea is pushing for a third concession. It is hoping the government will pay the GST refunds

E-commerce cos fret over Madras HC ruling on GST refunds on service inputs

The high court's order, which says refunds paid on service inputs can be restricted, runs contrary to Gujarat HC verdict and could complicate matters

IGST crackdown: Exporters cry foul; govt refutes allegations of harassment

Say they are being harassed by the authorities even as 1,500 who claimed bogus GST refunds are untraceable

Covid-19: Experts seek income support, cash transfer for those affected

NIPFP's Rathin Roy said that providing income support and preventing wealth disruptions is a necessary requirement in the current situation.

CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs

he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds

Bharti Airtel can claim Rs 923 crore in refunds, says Delhi High Court

The case pertains to underreporting of input tax credit in the GST summary return form, GSTR 3B

Covid-19 crisis: UP readies for post-lockdown industrial sector reboot

Adityanath government institutes exclusive cells to help industries

I-T dept releases Rs 5,200 cr refunds to over 800,000 small businesses

Further refunds of about Rs 7,760 cr to be made soon, GST refund claims of Rs 3,800 cr also processed

Govt may propose GST refunds on capital goods purchases to exporters

Currently, under the LUT route, they need not pay tax on their export bills, but they stand to lose refunds on taxes paid on capital goods. Taxes on all other inputs get refunded

UP CM Adityanath for awareness drives to help traders in filing GST returns

In addition, he also asked officials to think of ways to assess the GST amount collected at the district level

Export promotion scheme, shopping fests: FM's new measures to boost exports

Make sense of all the announcements made by Finance Minister Nirmala Sitharaman for the exports sector

Gadkari's mega plan for small biz: Record 100,000 new MSMEs this fiscal

Ministry also targets 66% rise in credit, setting up of 400 clusters and Rs 50,000 cr in procurement from sector

94% of GST refund claims of Rs 972.02 billion settled, says Centre

The remaining claims amounting to Rs. 24.73 billion are held up on account of various deficiencies

PMO steps in to allay exporters' concerns on stuck GST refunds

Input tax credit refunds amounting to Rs 53 bn were stuck till the first week of November

94% of GST refunds to exporters amid input tax credit concerns

Pending GST refund claims of Rs 54 bn being processed expeditiously: Ministry

GST refund of Rs 827 bn to exporters cleared, Rs 54 bn pending as on Oct 31

As much as Rs 30.96 billion worth of IGST refund claims are held up on account of "various deficiencies"