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GST REFUND RESTRICTIONS
Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...- GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
- What's brewing? FinMin seeks gold lending info from banksIn a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...
- Bullion industry proposes plan to turn India's idle gold into working capitalIndia's gold imports are rising, prompting industry bodies to suggest ways to curb them. Proposals include recycling household gold and lim...
- GST impact on air travel: Do you have to pay extra GST if your travel date is after September 22, 2025?The GST council is implementing a two-tier GST rate system starting September 22, 2025, impacting air travel. Premium class tickets will se...
- GSTN has done this change in GST portal for hassle free tax refund claimsNew GSTN Advisory: The GSTN has enhanced the GST portal, effective August 28, 2025, to streamline GST refund claims. Taxpayers can now clai...
- Food Ministry forwards veg oil GST refund request to Finance MinistryThe food ministry has urged the finance ministry to lift GST refund restrictions on vegetable oils, a move impacting SMEs due to inverted d...
- Vegetable oils body seeks removal of GST refund restrictionsThe IVPA is urging the government to remove restrictions on tax credit refunds implemented in July 2022, arguing that these curbs are creat...
- CBIC restricts IGST refund for export of pan masala, tobacco, mentha oil from Oct 1The Central Board of Indirect Taxes & Custom (CBIC) has imposed restriction on automated refund of Integrated Goods & Services Tax (IGST) f...
- GST Council may discuss tightening of registration processThe council is also expected to take up detailed procedure and rules for recovery of tax and interest, clarification on blocking of refunds...
- How individuals can get GST refund on cancellation of home construction, insurance policy: A step by step guideThe GST council has announced a mechanism where an individual can claim GST refund. The GST refund can be claimed provided initially when s...
- CBIC makes Aadhaar authentication of taxpayers mandatory for claiming GST refundThe notification states that from January 1, 2022, businesses who have defaulted in filing summary return and paying monthly GST will not b...
- From next year, non-filers of monthly GST return will be barred from filing GSTR-1These moves would help prevent revenue leakage due to evasion of Goods and Services Tax (GST), which was launched on July 1, 2017.
- Rail wagon makers buck the trend, seek higher GSTAmid the clamour for slashing GST rates, rail manufacturers are seeking the opposite—an increase.
- Refund issues play havoc on exporters’ bottomline in post-GST era, seek relief from Delhi HCAs far as Advance Authorisation (AA) is concerned, there is a benefit of exemption from payment of IGST on imports.
- Easier tax refund regime for exporters in the worksGovernment is looking at all the procedures, execution issues, to streamline the tax refund mechanism.
- Foreign locomotive majors run into input tax issues, seek refundThe companies are confronted with input tax credit that’s piled up due to government restrictions on the railway sector under GST.
- One year of GST: For export-oriented IT industry, challenges remain around refundsIndia today is globally the top outsourcing destination accounting for more than half of the market share.
- Government refutes exporters’ claim on pending GST refundsGovernment has asked those with pending refunds to approach their jurisdictional tax authority for disposal of any of their refund claims s...
- Exporters' pending GST refunds to be cleared in 2 months: Hasmukh AdhiaOver July-August, an estimated Rs 67,000 crore has accumulated as the Integrated GST (IGST), of which only about Rs 5,000-10,000 crore will...
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