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CBIC rationalises GST refund provisions, allows taxpayers to withdraw application


CBIC rationalises GST refund provisions, allows taxpayers to withdraw application
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Last Updated: May 19, 2021, 05:39 PM IST
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Synopsis
CBIC has put rest to this controversy, by amending the rule, and providing that the time period from the date of filing of original refund application till the time the deficiency letter is issued, will be excluded for determining the two-year period, Bagri said.
Also, the amendments in refund rules have resolved the biggest dispute regarding time limit of fresh filing of refund application after receipt of deficiency notice.
The Central Board of Indirect Taxes and Customs (CBIC) has rationalised GST refund provisions, including giving option to taxpayers to withdraw application. It has amended Goods and Services Tax (GST) rules and has excluded the time period from date of filing of refund application to date of issuance of deficiency memo by the officer from the overall time limit to file refund applicati ....

Niraj Bagri , Abhishek Jain , Dhruva Advisors , Athena Law Associates Partner Pawan Arora , Services Tax , Associates Senior Partner Rajat Mohan , Central Board , Indirect Taxes , Law Associates Partner Pawan Arora , Partner Abhishek Jain , Senior Partner Rajat Mohan , Central Board Of Indirect Taxes , நிராஜ் பக்ரி , அபிஷேக் ஜெயின் , சேவைகள் வரி , கூட்டாளிகள் மூத்தவர் கூட்டாளர் ராஜாத் மோகன் , மைய பலகை , மறைமுகமாக வரி , கூட்டாளர் அபிஷேக் ஜெயின் , மூத்தவர் கூட்டாளர் ராஜாத் மோகன் , மைய பலகை ஆஃப் மறைமுகமாக வரி ,

CBIC orders special drive for processing pending refund/ drawback claims from May 15-31


CBIC orders special drive for processing pending refund/ drawback claims from May 15-31
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The Board issued instructions to all field units of customs and central tax on May 13, to prioritise processing and disposal of all pending refund and drawback claims as on May 14.
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Experts said that the move will surely help industry but added that a similar drive should be conducted for pending claims under GST regime.
The Central Board of Indirect Taxes and Customs (CBIC) will conduct a special drive to dispose of pending refunds and drawback claims from May 15 till May 31, in order to provide immediate relief to industry especially MSMEs during the pandemic. ....

Rajat Mohan , Central Board , Indirect Taxes , Drawback Claims , Central Board Of Indirect Taxes , ராஜாத் மோகன் , மைய பலகை , மறைமுகமாக வரி , மைய பலகை ஆஃப் மறைமுகமாக வரி ,