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Updated: Experts warn second wave more lethal for businesses too, moot an urgent rescue act Share Article AAA A health worker uses an oximeter to monitor the pulse and oxygen saturation levels. File | Photo Credit: NAGARA GOPAL Experts warn second wave more lethal for businesses too, moot an urgent rescue act The Goods and Services Tax (GST) Council, meeting this Friday, after a gap of over seven months, should prioritise giving relief on the taxes levied on COVID-19 vaccines and critical medical supplies, and rationalise GST rates to provide relief to sectors that are worst hit by the second wave, according to regulatory experts. ....
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 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 application. ....
CBIC relaxes GST refund rules, allows taxpayers to withdraw application businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
CBIC rationalises GST refund provisions, allows taxpayers to withdraw application SECTIONS Last Updated: May 19, 2021, 05:39 PM IST Share 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 ....