TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>India's GST Policy: Refunds Under Rs. 1000 Blocked at Filing Stage per Section 54(14) to Ease Admin Load.</h1> The circular from the Government of India's GST Policy Wing addresses refund applications claiming amounts less than one thousand rupees. As of March 31, 2018, a significant number of refund applications were not submitted to the relevant tax offices. Under Section 54(14) of the CGST Act, 2017, refunds less than one thousand rupees are not payable to avoid unnecessary administrative burdens. The circular instructs that the GST portal should block such refund applications at the filing stage, preventing the generation of an Acknowledgement Reference Number and debiting of electronic ledgers. This directive has been approved by the Finance Secretary.
TaxTMI 
TaxTMI 
