Medical device makers warn of crisis, seek quick GST refunds, control on freight charges

AiMeD’s wants the government to come good on its promise to refund excess GST within seven days, a commitment the industry says has not been met ...
Tax Guru

GST Refund Recovery Set Aside Because Rule 96(10) Was Omitted Without Saving Clause

The issue involved recovery of export refunds based on Rule 96(10). The Court held that omission of the rule without a saving clause removed the legal basis for such recovery. The key takeaway is that ...
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GST Reforms: Big relief likely for textile and footwear - Sources

The government is preparing to provide a major relief to the textile and footwear industries with the rollout of an automatic GST refund system from October 1, ET NOW reported citing sources. The ...
Tax Guru

ITC Refunds on Exports Allowed as GST Law Treats Exports as Zero-Rated Supplies

The law permits refund of input tax credit on exports due to their zero-rated nature. The discussion clarifies refund mechanisms and highlights conditions for eligibility. It underscores that errors ...