https://www.taxtmi.com/article/detailed?id=7133 Revised GST law narrows refund availability and alters procedures: specialised international and diplomatic entities may apply for refunds of tax on inward supplies within prescribed timelines; unutilised input tax credit refunds are limited to exports (including zero-rated) and inverted duty cases and barred for nil-rated or fully exempt supplies, and are not allowed where the supplier claims output tax refund under the IGST framework, constraining recoveries to exports under bond. Provisional refunds are increased to ease exporter liquidity and the period for issuing refund orders is reduced. The unjust enrichment rule is adjusted with specific exceptions for supplies not provided, cancelled or partially performed. en-us Mon, 19 Dec 2016 08:40:56 +0530 Mon, 19 Dec 2016 08:40:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7133 Revised GST law narrows refund availability and alters procedures: specialised international and diplomatic entities may apply for refunds of tax on inward supplies within prescribed timelines; unutilised input tax credit refunds are limited to exports (including zero-rated) and inverted duty cases and barred for nil-rated or fully exempt supplies, and are not allowed where the supplier claims output tax refund under the IGST framework, constraining recoveries to exports under bond. Provisional refunds are increased to ease exporter liquidity and the period for issuing refund orders is reduced. The unjust enrichment rule is adjusted with specific exceptions for supplies not provided, cancelled or partially performed. Articles Goods and Services Tax - GST Mon, 19 Dec 2016 08:40:56 +0530 https://www.taxtmi.com/article/detailed?id=7133