Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Tax Payments for Warehoused Goods Deemed Compliant Despite Portal Errors; One-Time Exception Allowed by Commissioner.</h1> The circular addresses tax payments for warehoused goods deposited in customs bonded warehouses from July 2017 to March 2018. Due to the portal's limitations, these transactions were incorrectly reported as intra-State supplies, leading to central and state tax payments instead of integrated tax. To resolve this, the Commissioner allows these payments to be deemed compliant if the total tax paid matches the integrated tax due. This decision is a one-time exception due to the revenue-neutral nature of the error. Any issues with implementing this circular should be reported to the Commissioner. A similar circular was issued by the Central Board of Indirect Taxes and Customs.