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ITC REFUNDS
Trade disruptions, API dependence, compliance costs: Pharma MSMEs spell out policy priorities on World MSME DayIndian pharmaceutical MSMEs are facing immense pressure from rising costs, supply chain woes, and stringent regulations. Industry represent...- 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...
- 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...
- Axis Mutual Fund temporarily suspends subscription in its 3 international funds, removes Rs 1 lakh limitAxis Mutual Fund has temporarily suspended subscriptions to three overseas fund-of-fund schemes, including Global Equity Alpha, Global Inno...
- Gurugram sessions court grants a 7-day remand to Punjab Minister Sanjeev AroraPunjab Minister Sanjeev Arora was remanded for seven days by a Gurugram court following his arrest by the Enforcement Directorate in a Rs 1...
- ED arrests Punjab minister Sanjeev Arora in Rs 100 crore money laundering caseThe Enforcement Directorate (ED) on Saturday arrested Punjab minister Sanjeev Arora in connection with an ongoing Rs 100 crore money launde...
- DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraudDGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summo...
- Infosys clarifies on Rs 415 crore show cause notice by DGGIInfosys has filed a writ petition in the Karnataka High Court challenging a Rs 415 crore show cause notice from the DGGI concerning alleged...
- DGGI issues Rs 415 crore showcause notice to Infosys over alleged ineligible ITC refundsThe Directorate General of GST Intelligence has issued a showcause notice to Infosys for allegedly claiming ineligible input tax credit ref...
- 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...
- GST officers detect Rs 4,000 crore of ITC fraud in April-JuneIn a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said 7,268 cases of ITC fraud involving R...
- Maharashtra: Nagpur DGGI busts Rs 213 cr input tax credit refund racketThe racket, which involved these non existent firms indulging in 'dubious' exports of tobacco products from ICD-Mihan and then claiming ITC...
- CBIC issues Rs 5,575 crore as refunds since March 30CBIC said that the trade and business friendly measure was taken with the GST Council’s approval in its 39th Meeting held on March 14, to f...
- Breather for exporters as Centre to pay ITC refund for State GSTAs per industry, there is a huge difference in the amount claimed, state goods and services tax (SGST) sanction amount received from centra...
- Finance ministry rubbishes charge of stuck GST claims worth Rs 23,000 croreFIEO had claimed that input tax credit (ITC) refund worth Rs 15,000 crore and at least Rs 8,000 crore of integrated GST refunds are stuck w...
- 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.
- Exporters' GST refund: CBIC frames 'interim solution' to quickly clear Rs 14,000 crore pendingIn the first phase of refund fortnight observed between March 15-30, the Central Board of Indirect Taxes and Customs (CBIC) had cleared ref...
- 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.
- Exporters GST refund: Second phase of fast track clearance drive from Thursday"Many exporters have not been able to file the refund of ITC due to technical glitches as input tax credit and exports happened in differen...
- CBEC field offices observe GST refund fortnight; to clear Rs 150 crore of pending refundsAs much as Rs 150 crore of Integrated Goods and Services Tax (IGST) refunds are pending for exports though the Cochin port, due to technica...
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