Tax Compliance
Goods Sent Out of India For Exhibition (For Export Promotion) 2024
Many goods are sent out of India for exhibitions on export events on a trial basis. They are only sold if approved by customers abroad. If not sold, they are brought back to India. This happens often in sectors like gems and jewellery where Goods are Sent for Export Promotion in International Trade Fair. In instances where ambiguity exists regarding the export procedure, the Central Board of Indirect Taxes and Customs (CBIC) has provided clarification.
Refund Under GST 2024 – Rules and Procedures
Introduction to GST Refund
Situations Leading to GST Refund
Time Limit for GST Refund
Relevant Date for GST Refund
Procedure for GST Refund Claim
Grant of Provisional GST Refund
Doctrine of Unjust Enrichment in GST Refund
Refund to Casual Taxpayers
Documentation for GST Refund
Compliance with Natural Justice in GST Refund
Threshold Limit for GST Refund
Withdrawal of GST Refund
Adjustment of GST Refund
Withholding of GST Refund
Approval/Rejection of GST Refund
Disbursement of GST Refund
Interest on Delayed Refund
The Haryana One Time Settlement Scheme 2023
Overview of Settlement Amounts
Option to Pay in Installments
Application Process
Relevant Act covered
Treasury Head Under OTS
Criteria for Ineligibility under OTS
Recovery Initiated via Form DRC-07A
Pending Appeals
Verification & Time Limits
Rejection Order (Form OTS-5)
Key Points to Note
GST Refunds 2024 -Unutilized Input Tax Credit
Scope of Refund of Unutilized ITC
Zero Rated Supply (Section 16(1) IGST Act)
Inverted Duty Structure
Time Limit (Section 54)
Relevant Date (Explanation to Section 54)
Threshold Limit
Refund Procedure/ Forms Requirement (Rule 89 of CGST Rules)
Withdrawal of Refund Application
Grant of Provisional Refund
Documentation Requirements
Refund Calculation for Zero Rated Supply
Refund Calculation for Inverted Duty Structure
Doctrine of Unjust Enrichment
Adjustment of GST Refund
Withholding of GST Refund
Approval/ Rejection of GST Refund
Compliance with Natural Justice
Disbursement of GST Refund
Interest on Delayed Refund