Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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<h1>Guidelines for IEC Holders: Fix IGST Refund Issues Due to PFMS IFSC Code Errors, Check Status on ICEGATE.</h1> The circular addresses issues with Integrated Goods and Services Tax (IGST) refunds not being disbursed due to errors in the Public Financial Management System (PFMS), specifically related to the non-acceptance or non-registration of IFSC codes. Affected Import Export Code (IEC) holders can check their PFMS verification status on the ICEGATE platform. The notice provides a guide for rectifying errors, detailing specific actions for error codes TBE0001 to TBE0007 and TBE0018, and outlines the documentation required for registering or updating IFSC accounts. The circular emphasizes the need for IEC holders to ensure correct bank details to resolve refund disbursement issues.