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Revised Refund Request for IGST paid on exports

It has been observed that exporters have committed many errors which have hampered sanctioning of IGST refund. CBIC has introduced several options and alternative mechanisms through which various mismatch errors between the Shipping Bill (SB) and GSTR-1 data can be…

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Deemed Exports : Concept and Refund Procedure under GST

‘Deemed Exports’ is an important term being used by government while formulating Foreign Trade Policy to provide a level-playing field to domestic manufacturers in certain specified cases, as may be decided by the Government from time to time. In GST,…

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GST on Merchant Export Transactions

Merchant Export trade transactions include sale transaction by a supplier to the exporter of goods. Such exporter of goods is known as “Merchant Exporter”. As per Foreign Trade Policy, “Merchant Exporter” means a person engaged in trading activity and…

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Enhancements in E-Way Bill System w.e.f 16.11.2018

National Informatics Centre (NIC), an agency to handle E-Way Bill system is regularly working for the betterment of this system. In its continuous efforts to make it better, NIC has brought following improvements in E-Way Bill System w.e.f.…

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Value of Taxable Supply of goods or services or both in GST

Value of Taxable Supply means the value on which GST tax is calculated by multiplying tax rate with such value. This value commonly known as ‘Taxable Value’ i.e. the value on which GST is collected. It may be…

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Transportation of Paddy/Rice is part of Composite Supply of Milling Work-AAR

In this Article, we will discuss on recent AAR issued by Chhattisgarh Authority for Advance Ruling in the case of M/s Taranjeet Singh Tuteja & Brothers for advance ruling sought on following issues:- Transportation of Paddy/Rice of Principal by…

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