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GST REFUNDS CONCERNS
Income tax refund rules change from April 2026: Check these 2 important updates for Tax Year 2026-27Two significant changes to income tax refund rules are effective from April 1, 2026, impacting Tax Year 2026-27. The Finance Act 2026 clari...- 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...
- 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...
- 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...
- Pharma companies cheer lower drug prices, API tax gap stirs worryGoods and Services Tax reforms are expected to reduce medicine prices in India. Experts say this will benefit patients and businesses. Howe...
- Pharmaceutical industry seeks relief from rate inversionThe pharmaceutical industry in India anticipates potential relief from Goods and Services Tax inversion. Discussions between companies and ...
- Unregistered persons can claim tax refunds for cancelled contracts on GST portalKPMG in India, Partner Indirect Tax, Abhishek Jain said in line with the GST Council recommendation procedure to claim a refund of tax born...
- Govt to refund GST if purchase of incomplete house called off: ExpertsThe finance ministry said in the 48th GST Council meeting that there is no procedure for claim of refund of tax borne by unregistered buyer...
- All pending GST refunds for MSMEs to be paid within 30 days: FMTo ease GST woes for the MSMEs FM announced that all pending GST refunds will be paid within 30 days.
- 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.
- 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.
- GST refunds of Rs 82,775 cr to exporters cleared; Rs 5,400 cr pending as on Oct 31Rs 42,935 crore of IGST refunds have been disposed of as on October 31, which is 93.27 per cent of the total such claims.
- Rs 8,000 crore of IGST refunds, Rs 15,000 crore ITC repayments stuck, says FIEOGST refund claims of Rs 54,378 crore of exporters have been cleared by the centre and state tax officials till July end.
- Easier tax refund regime for exporters in the worksGovernment is looking at all the procedures, execution issues, to streamline the tax refund mechanism.
- Govt promises to disburse exporters’ Rs 20,000 crore refundsThe ministry said it will launch the second phase of refund in the fortnight beginning May 31 to fast-track clearances.
- More then one change per day made by Govt in GST: Export promotion council for SEZsExporters flagged concerns related to refunds, exemption of GST, classification of Goods and services and place of supply for service expor...
- Government made 376 changes related to GST in 10 months: Export promotion council for SEZsExporters flagged concerns related to refunds, exemption of GST, classification of Goods and services and place of supply for service expor...
- GST mop-up worries misplaced, but still is negative on markets: UBS"Our calculations of potential monthly GST revenue in FY18, assuming 8 per cent year-on-year growth and seasonality of monthly indirect tax...
- Exporters to take up quick GST refund issue with Finance Minister Arun Jaitley tomorrowExporters flagged their concerns over the liquidity crunch and the loss of competitiveness of India’s exports on account of the refund proc...
- Tax refund to exporters under GST within seven days: Nirmala SitharamanThe minister also said that exporters would get interest on the refund if it is delayed beyond two weeks.
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