Beyond refunds: Why GST 2.0 is a growth enabler for MSME exportersLiquidity alone won’t close the credit gap that most Indian MSME exporters face. This is where GST 2.0 has its most underappreciated impact...
01 Jul, 2026, 12.52 PM IST
MSMEs and GST@9: Journey so far and next phase of reformsFor India Inc., including MSMEs, the focus appears to have shifted from stabilisation to optimisation, as confidence grows on account of di...
27 Jun, 2026, 10.48 AM IST
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...
18 Jun, 2026, 11.00 AM IST
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...
09 Jun, 2026, 12.47 AM IST
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...
12 May, 2026, 01.00 AM IST
IMEC momentum to boost Karnataka exports amid global trade disruptionsBengaluru exporters are poised to thrive as the India-Middle East-Europe Economic Corridor gains traction. This innovative route presents a...
30 Apr, 2026, 01.42 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
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
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