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The PHD Chamber of Commerce and Industry has written to the Central Board of Indirect Taxes and Customs calling for a one-off amnesty scheme to resolve issues that arose from a new provision in India s goods and services tax rules. The provision was designed to protect government revenue from exporters making refunds under integrated GST through "irrelevant" products. These products had allowed suppliers to claim higher tax credits, so the rule was introduced to combat the issue.
NEW DELHI: PHD Chamber of Commerce and Industry (PHDCCI) signed a Memorandum of Understanding (MOU) with Ministry of Education’s Department of School Education and Literacy (DoSEL) on Vidyanjali on Thursday, 13 July, at the chamber headquarters