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>Exporters Denied Retroactive IGST Refunds Due to Voluntary Higher Drawback Choice, Ministry Confirms Final Decision.</h1> The circular addresses the issue of Integrated Goods and Services Tax (IGST) refunds not being granted to exporters who claimed a higher rate of drawback or when higher and lower rates were identical. It clarifies that exporters who opted for a higher drawback rate instead of an IGST refund did so voluntarily, as indicated by their declarations on shipping bills. The Ministry has examined the issue and concluded that since exporters consciously chose the higher drawback, it is not justified to allow IGST refunds retrospectively. The decision to not reopen these cases is final, as per the legal provisions and declarations made.
TaxTMI 
TaxTMI 
