Tag: GST Refund
GST NEWS
CBIC processes GST refund of ₹5,575 crore in 15 days
On Friday, CBIC has reported that it has processed refund claims worth Rs.5575 Crore. It said that, “While in the last week itself, CBIC...
GST NEWS
Nirmala Sitharaman to chair her first GST council meeting tomorrow
Finance Minister Nirmala Sitharaman is all set to chair her first meeting of the GST council today. The newly appointed finance minister will preside...
GST NEWS
Government identifies 5,106 ‘risky exporters’ who have fraudulently claimed GST refunds
The government stated on 20th June that it has identified 5,106 “risky exporters” who have claimed GST refunds based on bogus invoices, and their...
GST NEWS
Single authority for sanctioning, processing GST refunds likely by August
The current mechanism entails a twin refund sanctioning authority of the central and state tax officers
Under the proposed mechanism, once a refund...
GST NEWS
Builders will have to refund GST on cancellation of flats booked in FY19
This clarification forms part of the FAQ released by the CBIC on real estate sector
Builders will have to refund GST paid by home buyers in case he cancels the...
GST NEWS
FIEO suggests series of measures to boost exports
Exporters body FIEO suggested a series of measures including outright exemption from GST, interest subsidy for agri-sector, and more funds for MSME players to...
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