PAYMENT OF DUTY/TAX DURING INVESTIGATION BUT NO / LESS LIABILITY ARISES AT THE TIME OF FINALIZATION OF INVESTIGATION / ADJUDIACTION

PAYMENT OF DUTY/TAX DURING INVESTIGATION BUT NO / LESS LIABILITY ARISES AT THE TIME OF FINALIZATION OF INVESTIGATION / ADJUDIACTION https://www.taxtmi.com/acts?id=20190 Voluntary tax payments made during investigation may be refunded if investigation or adjudication results in no or reduced liability. A dedicated accounting mechanism and a streamlined refund application-supported by a Chartered Accountant's certificate, with a threshold for self-certification-are recommended. Refund sanctioning should occur after a time limit concurrent with the appeal period, and refunds may be withheld only upon an obtained stay; exceptional withholding by senior officers must carry interest. Refunds may concern CGST, SGST or IGST. en-us Sat, 12 Dec 2015 02:15:36 +0530 Sat, 12 Dec 2015 02:15:36 +0530 TaxTMI RSS Generator PAYMENT OF DUTY/TAX DURING INVESTIGATION BUT NO / LESS LIABILITY ARISES AT THE TIME OF FINALIZATION OF INVESTIGATION / ADJUDIACTION https://www.taxtmi.com/acts?id=20190 Voluntary tax payments made during investigation may be refunded if investigation or adjudication results in no or reduced liability. A dedicated accounting mechanism and a streamlined refund application-supported by a Chartered Accountant's certificate, with a threshold for self-certification-are recommended. Refund sanctioning should occur after a time limit concurrent with the appeal period, and refunds may be withheld only upon an obtained stay; exceptional withholding by senior officers must carry interest. Refunds may concern CGST, SGST or IGST. Act-Rules Bills Sat, 12 Dec 2015 02:15:36 +0530 https://www.taxtmi.com/acts?id=20190