The current GST framework has laid down certain conditions for exporters to avail certain benefits. A revenue department notification said raw materials cannot be imported after export of the final product.
Tax experts said many exporters are already facing a lot of trouble and with some of the existing schemes already under litigation, even RoDTEP could present legal challenges for the government.
Taxman’s right to arrest: Several promoters knock doors of various high courts
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The indirect tax department had carried out nationwide searches and investigations suspecting several companies for availing fake input tax credit under GST.
Agencies
In the last few weeks the tax department has investigated several instances across India and found that many companies were indulging in circular trading and taking fake input tax credit.
Mumbai: After crackdown on companies for manipulating input tax credit under Goods and Services Tax (GST) several entrepreneurs have approached high courts in different states challenging the tax department’s power to arrest.
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