Following are Draft GST Returns Rules Released by CBEC in March 2017 1. Form and manner of furnishing details of outward supplies Every registered person required to furnish the details of outward supplies of goods or services or both under section 37, shall furnish such details in FORM GSTR-...
Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of CGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess. Clarification on place of supply of data hosting services provided...
GST Circular 27/2024 dated 11-9-2024: Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of CGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess. 54th GST Council Meeting...
Here are some typical circumstances when GST refunds may be restricted or denied, while the specific rules and regulations may differ between countries: Generally, costs not qualified for a refund following the tax authority's rules cannot be claimed for a GST refund. Personal expenses, expenses ...
The central goods and services tax rules, 2017 advisory regarding disclosure of bank account details by registered taxpayers. View More. View More 19th January 2024 The GST department started a new facility in 10 states to make a GST payment via UPI. View more 16th January 2024 GSTN advisory...
GST Refund Process for Exporters An exporter can claim IGST refund for export as per one of the two options given below: The supply goods and/or services is done under bond or LUT, without payment of IGST. In such scenario, the exporter can claim a GST refunds on export of the unutilize...
lodhaps:On 25 June 2017 how to make tax invoice for pharma export:1. what is the rate to chrge.2. foreign custmer will not pay gst. 3. exports are zero rated.4. bond can be made and than no tax .5 refund willbe granted. all are confusive please tell me whether we shoud charge...
Under the GST rules, exports are recognised as a zero-rated supply, including shipments to special economic zones (SEZ) units and developers. This means GST will not be levied on the outbound supply of any services or goods – and exporters can claim an input tax credit for the product ...
The GST Council finalizes tax rates,GST rules, and compliance guidelines. The Cabinet approves four supplementary GST bills, which pass in both the Lok Sabha and the Rajya Sabha. July 1, 2017: GST officially launches across India, replacing multiple indirect taxes with a unified “One Nation, ...
Businesses can pay the correct GST and get a refund of the wrong GST paid earlier Related Read: What is the Difference Between CGST, SGST and IGST How can startups make the invoicing process much easier? The answer to this is Razorpay GST Invoices, a smart product to help you generate ...