Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The Public Notice issued by the Office of Principal Commissioner of Customs addresses the issue of IGST refunds on exports that remain unprocessed due to SB005 error, which is caused by invoice mismatch. Exporters are advised to ensure that invoice details in GSTR 1 and shipping bills align to avoid this error. Customs officers can now verify information and sanction refunds for correct invoice details despite discrepancies in shipping bills. Exporters must provide a concordance table linking GST invoices with shipping bill invoices for error rectification. A fee of Rs.1000 per shipping bill is required for this service. Refund claims will only be processed for cases with SB005 error code. Difficulties should be reported to the Asst Commissioner of Customs.
The Public Notice issued by the Office of Principal Commissioner of Customs addresses the issue of IGST refunds on exports that remain unprocessed due to SB005 error, which is caused by invoice mismatch. Exporters are advised to ensure that invoice details in GSTR 1 and shipping bills align to avoid this error. Customs officers can now verify information and sanction refunds for correct invoice details despite discrepancies in shipping bills. Exporters must provide a concordance table linking GST invoices with shipping bill invoices for error rectification. A fee of Rs.1000 per shipping bill is required for this service. Refund claims will only be processed for cases with SB005 error code. Difficulties should be reported to the Asst Commissioner of Customs.
Note: It is a system-generated summary and is for quick reference only.
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