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>New Refund Mechanism for IGST on Imports by Specialized Agencies u/s 55 of CGST Act 2017.</h1> The circular addresses the issue of refunds for Integrated Goods and Services Tax (IGST) paid by specialized agencies on imported goods. These agencies have raised concerns about delays in receiving refunds from Customs. The Board has decided to implement a refund mechanism for IGST paid on imports by these agencies, referencing Section 55 of the Central Goods and Services Tax (CGST) Act, 2017, and related notifications. This mechanism aligns with the principle of parity between IGST on imported and domestic goods. Customs field formations are instructed to process these refunds, and any difficulties should be reported to the Board.
TaxTMI 
TaxTMI 
