Wednesday 30 May 2018

CBIC's interim solution for IGST refunds stuck due to data non-transmission from GSTN

CBIC prescribes an interim solution for pending IGST refunds not being sanctioned owing to non-transmission of data from GSTN to Customs EDI system, due to mismatches in amount mentioned by exporters in GSTR-1 and GSTR-3B; Procedure prescribed is subject to undertakings / submission of CA certificates by exporters and post refund audit scrutiny : CBIC Circular 
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HC upholds validity of provisions restricting ITC where supplies are taxed under RCM

  This Tax Alert summarizes a recent judgement of the Delhi High Court (HC) [1] dealing with the issue of denial of input tax credit (ITC) ...