Question 23 - In pursuance of any assessment or adjudication proceedings instituted, after the appointed day, under the existing law, an amount of tax, interest, fine or penalty becomes refundable. Shall such amount be refundable under the GST law?
Refund denial under GST: amounts refundable from pre-GST assessments instituted after the appointed day are not paid in cash. Amounts of tax, interest, fine or penalty that become refundable pursuant to assessment or adjudication proceedings instituted after the appointed day ... Summary
Refund denial under GST: amounts refundable from pre-GST assessments instituted after the appointed day are not paid in cash.
Amounts of tax, interest, fine or penalty that become refundable pursuant to assessment or adjudication proceedings instituted after the appointed day under the existing law are not payable in cash under the GST transitional provision, as provided by section 142(8)(b).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
