Electronic service tax refund through ICES enables exporters to claim refunds electronically or pursue document-based refunds. An electronic refund mechanism via ICES 1.5 permits exporters to claim service tax refunds on the basis of a prescribed schedule of rates; it mandates one-time registration of a core-banking enabled bank account and either a Central Excise registration number or PAN-based Service Tax code in ICES 1.5, with details validated against ACES, captured via Annexure A, and used to process and disburse refunds through authorized banks or NEFT/RTGS.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Electronic service tax refund through ICES enables exporters to claim refunds electronically or pursue document-based refunds.
An electronic refund mechanism via ICES 1.5 permits exporters to claim service tax refunds on the basis of a prescribed schedule of rates; it mandates one-time registration of a core-banking enabled bank account and either a Central Excise registration number or PAN-based Service Tax code in ICES 1.5, with details validated against ACES, captured via Annexure A, and used to process and disburse refunds through authorized banks or NEFT/RTGS.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
