Disbursement of state tax refunds: power to prescribe manner of payment to taxpayers under amended provisions. The amendment inserts subsection (8A) into section 54 of the Central Goods and Services Tax Act, authorising the Government to disburse refunds of State ... Summary
Disbursement of state tax refunds: power to prescribe manner of payment to taxpayers under amended provisions.
The amendment inserts subsection (8A) into section 54 of the Central Goods and Services Tax Act, authorising the Government to disburse refunds of State tax to taxpayers in such manner as may be prescribed, thereby delegating to the Government the power to specify the procedural and operational mechanism for refund payment.
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