Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    India, Nordic nations agree to elevate ties to Green Technology and Innovation Strategic Partnership
    Karnataka State Police Data Center earns ISO/IEC 27001 certification
    UK’s Scotch whisky body hopes for 'swift' India FTA implementation
    Filing of Annexure-B for Refund Applications involving Accumulated ITC using the offline utility in GST portal
    Annual Joint Discussions on Comparable Estimates of State Domestic Product (SDP) For FY 2022-23, 2023-24 and 2024-25 on New Base Year 2022-23 between ...
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Stronger Industry-Government Collaboration, Urges Turning Global Uncertainties int...
    Oil surge over West Asia crisis to sustained FPI outflows -- what's behind the rupee's fall
    RBI invites comments on the draft “Reserve Bank of India (Capital Adequacy) Amendment Directions, 2026”
    India's Inflation Puzzle: How Will Fuel Price Play Out
    Exicom Delivers its Strongest Quarter of FY26 as Both Businesses Return to Sharp Growth
    SPJIMR CFBE Report: India's SME exporters remain optimistic amid escalating global and family business risks
    Rs 70 crore money laundering case: ED gets court nod to arrest 'godman' Ashok Kharat
    Clarification on false claims on monetisation of temple gold holdings
    Adani settles alleged Iran sanctions violation case with US Treasury
    Keeping close watch on supply shock, impact on inflation: RBI Guv Malhotra
    Adani resolves OFAC sanctions case with USD 275 mn settlement after 'proactive' disclosure, cooperation
    Rupee settles at record low of 96.20 against US dollar
    Jute industry seeks new Bengal govt's intervention to tide over raw material crisis
    BJD MP Sasmit Patra urges strengthening of NCLT, NCLAT infra capacity
    Haryana cabinet approves Industrial policy 2026, Rs 5 lakh crore investment, 10 lakh jobs targeted
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
May 19, 2026
Show AI Summary
Green Technology and Innovation Strategic Partnership deepens India-Nordic cooperation on clean energy, sustainability and trusted technologies.
India and the Nordic countries agreed to elevate their relationship to a Green Technology and Innovation Strategic Partnership, focusing on clean energy, sustainability, innovation, emerging technologies and trusted technologies. The partnership is intended to combine innovation, scale and talent while advancing shared commitments to democracy, the rule of law, multilateralism and a rules-based global order. The leaders also discussed trade and investment ties, research collaboration, Arctic and polar research, skill development, talent mobility and cooperation in multilateral fora.
May 19, 2026
Show AI Summary
Information Security Management Systems certification strengthens police data protection, cyber resilience, and confidentiality of sensitive digital infrastructure.
Karnataka State Police Data Center has been awarded ISO/IEC 27001 certification for Information Security Management Systems, recognising compliance with internationally accepted standards for information security, data protection, cyber security practices and information management processes. The certification is said to strengthen confidentiality, integrity and availability of sensitive information and critical digital infrastructure, while improving cyber resilience, protection against unauthorised access, and the security, privacy, transparency and accountability of data management.
May 19, 2026
Show AI Summary
India-UK trade agreement implementation could ease whisky tariffs and support export growth, jobs and market access.
Swift implementation of the India-UK Comprehensive Economic and Trade Agreement is being sought by the Scotch Whisky Association, which expects the pact to support exports to India. The agreement has been signed and ratified in the UK, but operationalisation has encountered delays linked to proposed steel import restrictions. Officials are working on a creative solution so the agreement can be formalised at an early date, while the wider trade deal is presented as reducing whisky tariffs and supporting growth, jobs and export opportunities.
May 19, 2026
Show AI Summary
Input tax credit refund filing now requires Annexure-B through the offline utility with invoice-wise HSN/SAC reporting and GSTR-2B validation.
Annexure-B for refund applications involving accumulated Input Tax Credit must be furnished through the prescribed offline utility on the GST portal for specified refund categories, including exports without payment of tax, supplies to SEZ units or developers, inverted tax structure claims, and export of electricity. The utility requires invoice-wise HSN/SAC-wise reporting, separate line items for different input categories, correct disclosure of taxable value, tax amount, blocked credit status, and proper reporting of ITC reversals. The generated JSON is to be uploaded for validation against GSTR-2B, subject to the system rules for validation, duplicate checks, and file limits.
May 19, 2026
Show AI Summary
State Domestic Product estimation discussions focus on reconciling methodologies, data sources, and comparable GSDP estimates.
Annual joint discussions between the National Accounts Division and State/UT economics and statistics directorates are held to reconcile differences in State Domestic Product estimates compiled independently by the States/UTs and the national accounts authorities. The current exercise covers current price Gross State Domestic Product estimates for FY 2022-23, 2023-24 and 2024-25 on the revised base year 2022-23, with sectoral groups examining revised methodologies and data sources to arrive at comparable SDP estimates.
May 19, 2026
Show AI Summary
Industry-government collaboration drives reforms, export growth and digital infrastructure expansion for stronger competitiveness and resilient growth.
Industry-government collaboration is urged to improve ease of doing business, strengthen competitiveness and accelerate reforms through resilience, productivity, supply-chain strength and export growth. Investment in data centres, cloud services and digital infrastructure is promoted, with cloud services from India or Indian data centres to the rest of the world described as enjoying 100 per cent tax-free status till 2047. Export-led growth, value addition, industrial parks, a single-window system and integrated digital access are presented as key operational priorities.
May 19, 2026
Show AI Summary
Rupee depreciation driven by oil prices, capital outflows and dollar strength raises inflation and external pressure.
Sharp depreciation of the Indian rupee is attributed to elevated crude oil prices, sustained foreign portfolio outflows, widening trade deficits and broad US dollar strength. India's heavy dependence on imported oil increases dollar demand, while rising gold imports and higher overall imports widen the current account gap and add pressure on the currency. Reserve Bank of India intervention can smooth volatility, but it cannot fully offset structural pressure from oil costs and capital outflows.
May 19, 2026
Show AI Summary
Pillar 3 disclosure requirements are being aligned with Basel norms as draft capital adequacy amendments invite public comments.
The Reserve Bank of India has issued draft amendment directions to align Pillar 3 disclosure requirements with the Basel Pillar 3 disclosure framework and invited public comments. The consultation covers proposed amendments to capital adequacy directions for commercial banks and small finance banks, reflecting a review aimed at greater consistency in prudential disclosure norms. Comments may be submitted through the designated online regulatory channel, by post, or by email within the stated consultation period.
May 19, 2026
Show AI Summary
Inflation pass-through from fuel prices keeps CPI under watch as wholesale costs and RBI caution rise.
Retail inflation remained below the RBI's medium-term target even as wholesale inflation rose sharply, with fuel and energy prices driving a marked divergence between CPI and WPI readings. Petrol and diesel price increases are expected to add to retail inflation gradually through transport, logistics, food distribution and other input costs. The RBI is expected to maintain a cautious pause on interest rates while monitoring global crude prices, food inflation and the transmission of fuel price increases into retail inflation.
May 19, 2026
Show AI Summary
EV charging and critical power growth drive Exicom's strongest FY26 quarter with EBITDA breakeven and expanding capacity.
Exicom Tele-Systems reported its strongest quarter of FY26, with standalone revenue and EBITDA margin improving sharply and consolidated EBITDA turning breakeven for the first time since the Tritium acquisition. The company linked the improvement to stronger domestic EV charging demand, rising exports and Tritium's commercial scale-up, while noting that the full-year consolidated loss reflected a longer period of Tritium operations in FY26. It also highlighted growth in the critical power business and the inauguration of an integrated Hyderabad manufacturing facility.
May 19, 2026
Show AI Summary
Trade confidence in SME family businesses remains strong, but worsening risk and governance tensions are dragging down export potential.
India's SME family business exporters show strong trade optimism, but that confidence is being reduced by a hostile and worsening risk environment. A study of 461 leaders uses four indices to measure forward-looking optimism, macro risk burden, risk momentum, and family governance risk, producing a modestly positive Net Trade Confidence Score. The report highlights a structural gap between business expectations and operating conditions and calls for targeted support on trade literacy, export finance, and family governance in internationalisation decisions.
May 19, 2026
Show AI Summary
Money laundering through benami accounts and extortion allegations drove custodial interrogation in a large financial crime probe.
Proceedings under the Prevention of Money Laundering Act involved allegations that Ashok Kharat orchestrated an extortion racket and laundered more than Rs 70 crore through benami bank accounts. The agency alleged misuse of victims' documents, opening of multiple accounts in a single day, and acquisition of properties in the names of Kharat and his family members from the alleged proceeds.
May 19, 2026
Show AI Summary
Temple gold monetisation rumours denied; official communications confirm no approved scheme or strategic reserve classification.
False claims regarding a proposed monetisation scheme for temple gold holdings are expressly denied. Assertions that the Government plans to issue gold bonds to temples in exchange for temple gold reserves, or that any such proposal has been approved, are stated to be completely false, misleading, and without basis. Claims that gold plates on temple towers, doors, or other temple structures would be treated as Strategic Gold Reserves of India are also denied as baseless.
May 18, 2026
Show AI Summary
Sanctions compliance settlement follows alleged Iran-linked LPG shipments, with cooperation, self-disclosure and remedial controls credited.
Civil sanctions liability arising from alleged Iran-related LPG shipments was settled with the U.S. Treasury Department's Office of Foreign Assets Control, without any admission of the allegations. The company's purchases from a Dubai-based trader were alleged to have involved LPG that originated from Iran, despite being represented as Omani and Iraqi supply. OFAC credited extensive cooperation, proactive self-disclosure, suspension of LPG imports, and strengthened sanctions compliance measures across the corporate group.
May 18, 2026
Show AI Summary
Supply shock monitoring shapes RBI's data-dependent inflation stance as temporary price spikes may be looked through.
The Reserve Bank of India is monitoring whether supply shocks become embedded in the general price level and require monetary policy action. Temporary first-round effects may be looked through, but sustained increases that raise wages, production and transportation costs and generate broader inflation may call for tighter policy. A wide inflation tolerance band provides space to absorb short-run volatility while keeping the medium-term focus on price stability and data-dependent policy.
May 18, 2026
Show AI Summary
Sanctions compliance and voluntary self-reporting led to a reduced OFAC settlement for Iranian-origin LPG import allegations.
Adani Enterprises settled an OFAC sanctions matter involving apparent violations linked to imports of Iranian-origin LPG through Mundra Port by agreeing to pay USD 275 million. The company said the resolution did not constitute a finding of guilt or wrongdoing and resolved all related liabilities. OFAC reduced the amount after voluntary self-reporting, proactive disclosure, cooperation, and corrective compliance steps, including strengthened sanctions controls and enhanced internal measures across the corporate group.
May 18, 2026
Show AI Summary
Rupee pressure and forex controls intensify as rising oil prices, dollar strength, and import curbs weigh on currency stability.
The rupee weakened to a record low against the US dollar amid a strong dollar, rising crude oil prices, geopolitical tensions, and foreign investor outflows. Market participants noted that the exchange rate remained under pressure from global sentiment and elevated oil prices. The commentary also noted that RBI intervention and restrictions on imports of gold and silver could support the rupee at lower levels, while higher import duty and licensing controls on precious metals were intended to curb non-essential imports and reduce forex outflows.
May 18, 2026
Show AI Summary
Raw jute shortage and trade restrictions push jute mills toward closure, prompting demands for stock release and import relief.
Raw jute shortages, steep price escalation, and trade restrictions have disrupted jute mill operations in West Bengal, leaving mills without a transparent reference price or workable procurement conditions. Millers seek release of residual stocks, easing or withdrawal of stock and trade restrictions, permission for emergency imports, and restoration of a viable price corridor for raw jute. They also urge abolition of agricultural marketing fees and improved payment discipline to suppliers to stabilise supplies and protect employment across the jute belt.
May 18, 2026
Show AI Summary
Tribunal infrastructure and capacity need urgent strengthening to support the NCLT and NCLAT insolvency framework.
Institutional strengthening of the NCLT and NCLAT is urged because of their central role in India's company law and insolvency framework. The concerns include permanent and modern infrastructure, uninterrupted courtroom operations, reliable power backup, additional bench strength, permanent staffing, and better support for judicial and technical members. A review of the compulsory rotation policy is also requested to improve continuity and specialisation within the tribunal system.
May 18, 2026
Show AI Summary
Industrial policy incentives drive investment, jobs, exports and sector-specific manufacturing growth across Haryana's new policy framework.
Haryana approved the Make in Haryana Industrial Policy 2026 as the State's principal industrial policy, replacing the 2020 framework and reclassifying industrial areas into core, intermediate, sub-prime and prime/focus categories. The policy is designed to attract large-scale investment, expand employment, increase exports and extend financial incentives across all blocks, including capital subsidy, R&D support, recruitment-linked incentives, export promotion measures and green-industry facilitation. It also provides for net SGST reimbursement, sector-linked assistance for large, mega and ultra mega units, and interest on delayed investor payments after 1 April 2026.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters

Filing of Annexure-B for Refund Applications involving Accumulated ITC using the offline utility in GST portal

May 19, 2026

Contents
Forms
Acts
Rules & Regulations
Plus +
Summary
Note

Note

-

Bookmark

Print

Print

Until now, while filing refund applications under specific categories involving accumulated Input Tax Credit (ITC), taxpayers were uploading Annexure-B in a PDF format, in terms of extant guidelines. In order to further automate the refund filing process and enable system-based verification of invoices and documents, a standardized Annexure-B Offline Utility has now been deployed on the portal. In order to bring uniformity, taxpayers are required to furnish Annexure-B through this prescribed utility going forward.

Taxpayers are advised to carefully note the following instructions while filing refund applications under the below mentioned refund categories where refund is claimed on account of accumulated Input Tax Credit (ITC).

1. Introduction of Annexure-B in Offline Utility for following categories

Annexure-B is required to be furnished through an offline utility for the following refund categories:

  • Exports of Goods/Services without payment of tax (accumulated ITC) (excluding electricity)
  • Supplies made to SEZ Unit/SEZ Developer without payment of tax
  • ITC accumulated due to Inverted Tax Structure [Clause (ii) of first proviso to section 54(3)]
  • Export of Electricity without payment of tax (accumulated ITC)

2. Annexure-B Offline Utility

An offline utility in Excel format has been introduced to enable taxpayers to enter invoice-wise details of inward supplies for which refund is claimed. The details in the offline utility are required to be reported HSN/SAC-wise, by segregating invoices into separate line items based on distinct HSN/SAC codes and categories of input supplies (Inputs, Input Services, Capital Goods), wherever applicable.

Further, all other columns in the utility must be filled specifically with respect to the HSN/SAC code and category of input supply reported in that line item, including the corresponding taxable value, tax amount, and whether such ITC is blocked under section 17(5) of the CGST Act or otherwise. A maximum of 10,000 entries can be made in one offline utility file. If there are more than 10,000 entries, the user should use multiple offline utility files to enter the data.

3. Structure of Annexure-B Offline Utility

The utility contains the following two tables:

  • Table 1 – Reversal Details
  • Table 2 – HSN/SAC-wise Inward Invoice Details for which ITC has been claimed in GSTR-3B

4. Reporting of Invoices with Multiple Categories / HSN-SAC Codes

In cases where a single invoice includes: Multiple categories of supplies such as Inputs, Input Services, and Capital Goods, and/or Multiple HSN/SAC codes

  • Taxpayers are required to split the invoice into separate line items in the offline utility.
  • Each line item must represent only one category of input supply mapped to one HSN/SAC code.
  • Invoice value and tax amounts must be proportionately distributed across such line items.

A specific note has been added in the Read Me section (Point 6) of the utility for taxpayer guidance. Users are requested to read these instructions clearly before entering the data in the utility to avoid validation errors.

5. Duplicate Document Validation

(Validation is applied separately for each type of inward supply and each document type):

  • Supplier GSTIN
  • Invoice Number
  • Invoice Date
  • Category of Input Supply
  • HSN/SAC

For the same invoice, where the category of input supply and HSN/SAC are identical, only one line item should be reported.

Multiple entries under identical parameters will not be accepted.

6. Reporting of ITC Reversals

Taxpayers are required to correctly report ITC reversals as applicable:

  • Reversals made under Rules 38, 42, 43 of the CGST Rules and section 17(5) shall be reported as per the corresponding month’s GSTR-3B.
  • Other ITC reversals reflected in Table 4(B)(2) of GSTR-3B shall also be reported accordingly.
  • In cases where multiple offline utility files are used, reversal amounts shall be entered only in the final utility file, with all previous utility files reflecting reversal amounts as zero. The system recalculates the consolidated Net ITC after upload of all JSON files. Taxpayers are advised to review the consolidated summary carefully prior to submission.

7. Uploading Annexure-B JSON File

Upon generation of the Annexure-B JSON file, the taxpayer shall upload the same on the RFD-01 screen by clicking on the hyperlink “Click to upload the Statement of invoices (Unutilized ITC)” and proceed further for validation.

8. Post-Upload Validation and Reports

  • Uploaded invoices shall be validated with GSTR-2B.
  • Where validation against GSTR-2B is performed, results shall be displayed in the Valid documents sheet, indicating whether the invoices are present in GSTR-2B or not.
  • In respect of invoices pertaining to GSTR-2B periods up to October 2024 or earlier, the system will not carry out validation with GSTR-2B data. However, taxpayers will be allowed to enter details of such invoices in the utility and upload on the portal. In such cases, the system will display a generic message indicating that the invoices are not validated, however, these invoices will be part of the validated documents. This is an expected system behavior and shall not be treated as an error. Taxpayers may proceed with filing the refund application in such scenarios.
  • Any mismatches or validation failures in invoices pertaining to November 2024 or later period, shall be reflected in an Invalid documents Report.

9. Following details may be noted in respect of the Annexure B offline utility, namely :

  • Copy-paste functionality has been enabled for dropdown values in the offline utility. While using this feature, users must ensure that the value that user if copying and pasting must match with the exact dropdown value. Any deviation, including leading or trailing spaces, may result in validation errors. Additionally, users should not paste data into any frozen/protected fields, as this may lead to processing or validation issues.
  • Before using the newly downloaded utility, users should ensure that any previous version of the Annexure B Offline Utility is completely closed. Keeping an older version open simultaneously may cause issues with the enhanced copy-paste functionality.
  • Users are advised to avoid using unnecessary spaces while entering or copy-pasting data (for example, extra spaces after supplier name or in other fields), as such inconsistencies may result in errors during JSON generation or upload.
  • Users are requested to ensure that no changes are made directly to the JSON file after it has been generated. In case any modifications are required, the same should be made in the offline utility, followed by revalidation and generation of a fresh JSON file for upload. Further, the name of the JSON file should not be altered after creation, as this may lead to upload issues.

10. Line-Item Upload Limit in offline utility uploaded with Refund Applications

Present system functionality allows taxpayers to enter up to 10,000 line items in one offline utility file and upload up to 25 such files, i. e. a total of 2,50,000 line items can be entered in a single refund application. In cases where the number of line items exceeds this limit, taxpayers should upload up to 2,50,000 line items through the offline utility, and the remaining invoices can be submitted as supporting documents after converting them into PDF format. Approaches to support higher-volume data ingestion are being evaluated and will be implemented in upcoming enhancements.

Taxpayers are requested to ensure accurate reporting in the offline utility to facilitate smooth and timely processing of refund applications. A detailed user manual along with screenshots explaining the process will be shared shortly.

Thanks,
Team GSTN

Topics

Acts Income Tax