TaxTMI 
TaxTMI 
Speedy disbursal of pending refund claims of exporters of services under rule 5 of the CENVAT Credit Rules, 2004
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.... Tax Wing New Delhi, dated 15^th June, 2016 To All Principal Chief Commissioners of Central Excise All Chief Commissioners of Central Excise/Service Tax Principal Directors General of Goods & Services Tax/Systems/Central Excise Intelligence Director General of Audit/Tax Payer Services All Principal Commissioners/Commissioners of Central Excise/Service Tax All Commissioners of Cen....
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....med at enabling ease of doing business. It has to operate within the general parameters of the notifications governing such refunds. 2.2 This scheme is applicable only to service tax registrants who are exporters of services, with respect to refund claims under rule 5 of the CENVAT Credit Rules, 2004, which have been filed on or before 31-3-2015, and which have not been disposed of as on ....
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..... There is thus no reason to treat either the certificate or the provisional payment with fear or suspicion. 3.2 The certificate has to be furnished by the statutory auditor in the case of companies, and from a chartered accountant in the case of assessees who are not companies, in the prescribed format. The phrase "statutory auditor" will refer to the auditor who prepares the financial s....
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.... for 80% provisional payment. 3.4 It must be understood that auditors while discharging their duties are bound by the provisions of the statute governing them as well as Guidance Notes, Accounting Standards etc relating to their profession. The Institute of Chartered Accountants of India has issued Guidance Notes on reports and certificates issued by auditors. These Guidance Notes relate ....