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GST REFUND MECHANISM
GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...18 Apr, 2026, 10.56 AM IST- For FDI, E-comm exports must be in separate cartIndia is considering allowing FDI in inventory-based e-commerce exclusively for exports. This move aims to boost outbound shipments without...15 Apr, 2026, 05.00 AM IST
- West Asia conflict: Govt to setup weekly monitoring mechanism to track exim trendsThe government is establishing a weekly system to monitor export-import trends and industry stress. This move addresses concerns over suppl...10 Apr, 2026, 08.13 PM IST
- West Asia crisis: Government plans weekly monitoring of EXIM flowsIndia's commerce ministry will launch a weekly system to monitor export-import trends and industry stress. This move addresses concerns ove...10 Apr, 2026, 07.09 PM IST
- CBIC allows 90% provisional refund for IDS claimsThe CBIC has mandated a 90% provisional refund for inverted duty structure (IDS) claims filed from October 1, 2025, to alleviate working ca...04 Oct, 2025, 11.12 PM IST
- 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...22 Feb, 2023, 10.28 AM IST
- Exporters seek GST extension on export ocean freightIn a letter to finance minister Nirmala Sitharaman on Sunday, the Federation of Indian Export Organisations (FIEO) said that overseas freig...03 Oct, 2022, 03.45 PM IST
- Single authority for sanctioning, processing GST refunds likely by AugustThe current mechanism entails a twin refund sanctioning authority of the central and state tax officers.26 May, 2019, 05.57 PM IST
- Refund mechanism still a pain point for exportersMost of the problems relate to the refund of input tax credit that have to be made by the states as well. Manual intervention in the refund...02 Jul, 2018, 07.53 AM IST
- GST refund to foreign tourists at airports on the cardsThe revenue department is working out a mechanism to refund taxes paid by them on local purchases. A provision has been made in the GST law...10 Jun, 2018, 11.45 AM IST
- Absence of GST refund mechanism hits gold demand from tourists, NRIsThe Integrated Goods and Services Tax Act of 2017 allows a foreign national or an NRI, who enters India for a stay of less than six months,...19 Mar, 2018, 11.27 PM IST
- E-wallet will address GST refund issue of exporters: Suresh PrabhuUnder the e-wallet mechanism, a notional credit would be transferred to exporters' accounts based on their past record and the credit can b...18 Mar, 2018, 11.14 AM IST
- Prime Minister's Office calls top officials to discuss GST refundsThe issue of refunds to exporters has been hanging fire for over five months now, with exporters complaining that delay in GST refunds has ...11 Mar, 2018, 06.43 PM IST
- Exporters urge government panel to speed up GST refundsExporters flagged their concerns on liquidity crunch and the loss of competitiveness of India’s exports due to the GST to a committee heade...20 Sep, 2017, 11.34 AM IST
- GST to allow companies in tax-free zones to claim refundThe new mechanism will allow units to claim credit on the tax paid for inputs and pay the remaining tax, which would be reimbursed later.26 May, 2017, 01.45 AM IST
- Government works on ironing out benefits refund mechanism for exportersIndia’s exports sector is facing pressure due to slowdown in global demand, and officials feel any disruption in benefits being offered to ...15 Oct, 2016, 01.19 AM IST
- GST Council okays draft rules, agrees to refund mechanism for central and state tax holidaysThe Centre doesn’t want GST to be too high that it’s inflationary while the state governments don’t want it so low that they lose out on re...01 Oct, 2016, 01.41 AM IST
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