Page 2 - Igst Refund News Today

CBIC relaxes GST refund rules, allows taxpayers to withdraw application CBIC 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 PTI | May 20, 2021 | Updated 16:22 IST 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 exclud...

In an instruction to all Principal Commissioners of Central Tax formations, the CBIC said there is a need to focus on timely disposal of all pending GST refund claims in order to provide immediate relief to business entities, especially MSMEs, in the difficult times of second wave of the COVID-19 pandemic.

Directs all central tax formations to dispose all pending GST refund claims during the period May 15-31

There is one way with which you can easily do it, just by logging in to the GST portal. But if you are looking for an alternative, there is another option that you can try without logging into the GST portal.

Synopsis "It is seen that a considerable number of exporters have been facing difficulties in getting their IGST refund sanctioned either due to lack of facility to amend GST 3B return or bona-fide clerical/human errors while filing the documents," the CBIC said. Agencies The extension will overcome the problem of refund blockage by allowing refunds subject to undertakings The Central Board of Indirect Taxes and Customs (CBIC) has extended the time limit for sanction of pending integrated goods...