What is Goods and Service Tax (GST)
GST, frequently asked Questions
Interest payable on GST refund amount
It is recommended that the GST Law may provide for a prescribed time limit of 90 days from the date of the system generated acknowledgment of refund application within which refund has to be paid. It may also be provided in the GST law that, interest clause will start automatically once the prescribed time limit for sanctioning of refund has been breached.
The issue relating to dealing with the refund cases in which refund application has been filed but the same is found to be incomplete or deficient was discussed. It is recommended that the GST Law may clearly specify that the time limit for payment of interest will start from the date of the electronically generated acknowledgement of the refund application signifying that the application is complete in all respects. The GST Law may also provide for a time limit of 30 days from the date of receipt of refund application for raising queries/ deficiency memos by tax authorities regarding incompleteness of the refund documents. Piecemeal queries must be avoided. Once the applicant files a reply to the deficiency memo and the refund application is found complete as per the prescribed documents, the same should be acknowledged electronically by the refund sanctioning authority and the time limit for interest will start from the date of such electronic acknowledgement.
It is recommended that the rate of interest for delayed payment of refund and that in case of default in payment of GST should be different. The Committee recommends that the rate of interest in case of refund may be around 6% and that in case of default in payment of interest may be around 18%. The GST Law may provide accordingly. The GST Law may also provide that the interest will accrue from the last date when refund should have been sanctioned even when the refund is ordered to be paid by the order of the appellate authority in the appeal filed by the applicant against order of rejection passed by the refund sanctioning authority. This would discourage refund sanctioning authority from rejecting refund claims on frivolous grounds.
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GST Exemption list of goods and services
Find HSN number or Service tariff code for GST
GST registration guidelines
Indian GST Laws
How to export your goods?
How to get GST refund amount sanctioned
Are there any minimum amount fixed under GST refund?
How long will take to get refund of GST
How many copies to be submitted for refund of GST
Proof of receipt of GST refund application
Documents required to claim refund of GST tax
Time period to file for GST refund
GST refund forms
GST refunds to International Tourists
Refund of GST on year end or volume based incentives
Refund of GST on carry forward input tax credit
Refund of GST on tax credit on inputs
Refund of GST to CSD canteens, para military forces canteen etc
Refund of GST tax on deposit under investigation
Refund of amount deposited for GST appeal
Finalization of provisional assessment under Goods and Service Tax refunds
Refund of GST tax on excess payment due to mistake or inadvertentce
When does GST tax to be refunded?
GST refund for deemed exporters
Documents required for GST refund for service exporters
Verification of documents for refund of GST to exporters
Refund of GST to Exporter, Documents required to be enclosed
Process of GST refund to Exporter
How to get refund of GST tax paid by an Exporter?
What is GST Tax rate for Exports
GST and Exports, how is taxes reimbursed on Exports?
Adjustment of GST refund amount
Does GST refund amount attract interest?
How to file bill of entry Manually. What is manual filing of Import Documents?
How to file Bill of Entry on line? What is called Noting in bill of entry
How to get exemption of Sales Tax under exports.
What happens if overseas buyer not paid export bills discounted.
What happens if proper tracking of goods not effected in export import business?
What happens if your buyer rejects cargo? What are the major problems if consignee not taken delivery of cargo?
How to get export order from foreign buyers?
How to get RCMC from Export Promotion Councils
How to hide invoice value of original contract under high sea sale transactions
How to know the quality, quantity or contents of goods before import customs clearance
How to know volume of LCL cargo if not measured at factory
Transferability of Bill of Lading
Transhipment - A redefinition
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular export
Types of Insurance Documents.
How to make DA mode of payment safe
How to make delay in delivery of Shipment?
How to minimize import cargo clearance time? An open logic proposal to WTO
How to obtain a duplicate BL, if original bill of lading lost.
How to obtain GSP - Certificate of Origin?
How to obtain Phyto sanitary certificate. What is phytosanitary certification
How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS
How to open an LC? Procedures to open a Letter of Credit
How to overcome credit risk in export business?
How to overcome Negative thoughts in export business
How to prepare an Export Invoice. Contents of Export commercial Invoice:
How to prepare an Export Packing list. Contents of Export Packing list
How to prepare Purchase order
Transferability of Bill of Lading
Transhipment - A redefinition