Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
This circular prescribes the mechanism for refund of additional Integrated Tax (IGST) paid by exporters on account of upward revision in price of exported goods subsequent to exports. Exporters can file refund application in FORM GST RFD-01 electronically on the common portal, which will be processed by the jurisdictional GST officer. Required documents include copy of shipping bill, invoices, contracts indicating price revision, proof of additional IGST payment, foreign remittance details, and chartered accountant certificate. The proper officer shall verify the revised value, foreign exchange remittance, and IGST payment before granting refund through FORM GST RFD-06. In case of downward price revision, the exporter must deposit the excess refund received along with interest. The time limit for filing refund is two years from the relevant date.
This circular prescribes the mechanism for refund of additional Integrated Tax (IGST) paid by exporters on account of upward revision in price of exported goods subsequent to exports. Exporters can file refund application in FORM GST RFD-01 electronically on the common portal, which will be processed by the jurisdictional GST officer. Required documents include copy of shipping bill, invoices, contracts indicating price revision, proof of additional IGST payment, foreign remittance details, and chartered accountant certificate. The proper officer shall verify the revised value, foreign exchange remittance, and IGST payment before granting refund through FORM GST RFD-06. In case of downward price revision, the exporter must deposit the excess refund received along with interest. The time limit for filing refund is two years from the relevant date.
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