Exporters can monetise accumulated ITC on capital goods by opting for export with payment of IGST. This route enables full credit utilisation and improves cash ...

Supplies to EOUs qualify as deemed exports, but failure to follow Circular 14/14/2017-GST can result in refund denial. Proper documentation is crucial to unlock GST ...

The CGST commissionerate in Siliguri has exposed an organised racket of fudging export figures to Bhutan to earn extra GST refund from the Centre. The racketeers, sources said, are based in Jaigaon ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The introduction of GST brought about ...

Despite trade agreements ensuring zero-rated status for exports from India to Bhutan, local importers are increasingly reporting that Indian suppliers are allegedly and unlawfully applying Indian ...

In what comes as a relief to e-commerce exporters, the GST Council has approved DGFT’s proposal to eliminate the value threshold for GST refunds on low-value consignments. The relevant section of the ...

Currently, the brokerage paid by foreign funds is considered ‘export services’ under GST rules. “Clause (b) of sub-section (8) of section 13 of the Integrated Goods and Services Tax Act, 2017 is being ...

Beyond the financial relief, the amendment could help resolve long-pending show-cause notices amounting to Rs 3,357 crore, many of which have been issued to entities in export-heavy sectors. The ...