PRINCIPLES FOR DETERMINING SUPPLY OF GOODS AND/OR SERVICES IN THE COURSE OF INTER - STATE TRADE OR COMMERCE - MODEL IGST LAW - Draft The Integrated Goods and Services Tax Act, 2016 - [November 2016]
PRINCIPLES FOR DETERMINING SUPPLY OF GOODS AND/OR SERVICES IN THE COURSE OF INTER - STATE TRADE OR COMMERCE - MODEL IGST LAW - Draft The Integrated Goods and Services Tax Act, 2016 - [November 2016]
Refund for wrongly paid IGST: relief where inter state classification changes; interest waiver for CGST/SGST recharacterizations. A taxable person who paid IGST on a supply treated as inter state but later found intra State shall be granted a refund of the IGST in the manner and ... Summary
Refund for wrongly paid IGST: relief where inter state classification changes; interest waiver for CGST/SGST recharacterizations.
A taxable person who paid IGST on a supply treated as inter state but later found intra State shall be granted a refund of the IGST in the manner and subject to conditions prescribed. A taxable person who paid CGST/SGST on a transaction treated as intra State but later found inter state shall not be required to pay interest on the IGST payable. The reliefs operate on reclassification of supply and are subject to procedural conditions.
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