Daily Archives: September 25, 2016

GST -Demands and Recovery – FAQ’s on GST by CBEC

 Demands and Recovery -GST FAQs on GST released by CBC BUY Q 1. Which is the applicable section for the purpose of recovery of tax short paid or not paid or amount erroneously refunded or input tax credit wrongly availed or utilized? Ans. Section 51A in cases where there is no invocation of fraud/suppression/mis-statement etc… Read More »

GST Refunds – FAQ’s on GST by CBEC

GST Refunds FAQs on GST released by CBC BUY Q 1. What is refund? Ans. Refund has been discussed in section 38 of the MGL. “Refund” includes refund of tax on goods and/or services exported out of India or on inputs or input services used in the goods and/or services which are exported out of… Read More »

Attention Exporters/ Customs brokers : Rebate of State Levies on textile garments

Attention of all Exporters/ Customs brokers / members of Trade is invited to the scheme for implementation of Rebate of State Levies on textile garments (ROSL) notifed vide Notification Nos. 12020/03/2016-IT dated 12.8.2016 and 31.8.2016 by the Ministry of Textiles. Further, the Central Government (Ministry of Textiles) has issued Notification No. 12020/03/2016-IT dated 13.8.2016 notifying the rates of rebate in Schedule… Read More »

GST -Assessment and Audit- FAQs on GST by CBEC

GST -Assessment and Audit FAQs on GST released by CBC BUY MGL= Model GST Law Q 1. Who is the person responsible to make assessment of taxes payable under the Act? Ans. Every person registered under the Act shall himself assess the tax payable by him for a tax period and after such assessment he… Read More »

Category: GST