Provisional IGST settlement permits provisional allocation of integrated tax collections subject to adjustment based on taxpayer returns. The amendment replaces rule 11(3) to allow the Central Government, on Council recommendations, to provisionally settle IGST collected in a financial year that remains unsettled, with such provisional payments to be adjusted in subsequent months or years based on taxpayer returns.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Provisional IGST settlement permits provisional allocation of integrated tax collections subject to adjustment based on taxpayer returns.
The amendment replaces rule 11(3) to allow the Central Government, on Council recommendations, to provisionally settle IGST collected in a financial year that remains unsettled, with such provisional payments to be adjusted in subsequent months or years based on taxpayer returns.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.