Tag Archives: Refunds

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 »

Govt to Issue Income tax refunds upto Rs 50000 expeditiously

Issue of IT Refunds of Smaller Amounts In an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of Direct Taxes had issued instructions to Central Processing Center (CPC), Bengaluru and the field officers in December, 2015 to issue refunds of amounts less than Rs.50,000/- expeditiously. As a result of the… Read More »