Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Circular prescribes mechanism for refund of additional IGST paid on upward revision in price of exported goods subsequent to exports. Exporter to file refund claim in FORM GST RFD-01 electronically on common portal under "Any other" category until separate category developed. Claim processed by jurisdictional GST officer based on documents establishing admissibility. Details of shipping bills, IGST amount, refund sanctioned by customs to be provided to GST officers. Minimum refund amount Rs. 1000. Time limit 2 years from relevant date. Required documents listed. Proper officer to verify GSTR-1, GSTR-3B, foreign remittances. Refund sanctioned in FORM GST RFD-06 with detailed speaking order. For downward revision, exporter to deposit excess refund received with interest.
Circular prescribes mechanism for refund of additional IGST paid on upward revision in price of exported goods subsequent to exports. Exporter to file refund claim in FORM GST RFD-01 electronically on common portal under "Any other" category until separate category developed. Claim processed by jurisdictional GST officer based on documents establishing admissibility. Details of shipping bills, IGST amount, refund sanctioned by customs to be provided to GST officers. Minimum refund amount Rs. 1000. Time limit 2 years from relevant date. Required documents listed. Proper officer to verify GSTR-1, GSTR-3B, foreign remittances. Refund sanctioned in FORM GST RFD-06 with detailed speaking order. For downward revision, exporter to deposit excess refund received with interest.
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