ITC Refund

  • GST

Formula for Refund of ITC u/s 89(5) is not ultra vires. Supreme Court

Formula for Refund of ITC u/s 89(5) is not ultra vires. Supreme Court urges GST Council to reconsider formula and…

3 years ago
  • GST

CBIC clarifies Myths and Facts on strict amendments in GST Laws to prevent frauds 

CBIC clarifies Myths and Facts on strict amendments in GST Laws to prevent frauds  According to CBIC, the notification dated…

3 years ago
  • GST

Further extension of time limit for issue of order for refund of unutilised ITC

Further extension of time limit for issue of order for refund of unutilised input ITC MINISTRY OF FINANCE(Department of Revenue)(CENTRAL…

4 years ago
  • GST

Refund of accumulated ITC on account of ITS for periods of reversal required to be lapsed – CBIC

Refund of accumulated ITC on account of inverted tax structure, for periods in which there is reversal required to be…

5 years ago
  • GST

Transfer of un-utilized ITC in electronic credit ledger on death of sole proprietor-CBIC Circular

Transfer of input tax credit in case of death of sole proprietor. Un-utilized ITC in electronic credit ledger is allowed…

5 years ago
  • GST

Status of GST Refunds – Govt. claims 93.77 per cent disposal rate

Status of GST Refunds. Govt. claims 93.77 % disposal rate, shares data on IGST/ITC Refunds, asks due diligence in filing…

5 years ago
  • GST

Removal of restriction of refund of accumulated lTC on fabrics-Clarification. Formula to prevent ITC lapsing

Removal of restriction of refund of accumulated lTC on fabrics-Clarification. Formula prescribed to prevent ITC lapsing and procedure to be followed  Circular No.56/30/2018-GST…

6 years ago
  • GST

Taxpayers guide on claiming Input Tax Credit and ITC-01-Six FAQs

Taxpayers guide on claiming Input Tax Credit and ITC-01-Six FAQs 1. What is GST ITC-01? Registered person who is entitled…

6 years ago
  • GST

Amendment to GST Rules/Forms-ITC Refund Formula for zero-rated supplies without payment of tax

Amendment to GST Rules/Forms-ITC Refund Formula for zero-rated supplies without payment of tax Government of India Ministry of Finance (Department…

6 years ago
  • GST

What is zero rated supply turnover for ITC refund?

Zero rated Supply Turnover is the value of total supplies made on account of exports out of India including export…

6 years ago