Claimed higher rate of drawback, no Refund

Claimed higher rate of drawback, no Refund

It is clarified that it has been noted that exporters has availed the option to take drawback at higher rate in place of IGST out of their own voliation. Considering the fact that exporters have made aforeside declaration while while claiming the higher rate of drawback, it has been decided that it would not be justified allowing exporters to avail lGST refund after initially claiming the benefit of higher drawback. There is no justification for re-opening the issue at this stage.


IGST-Refund-clarification

DISCLAIMER: The views expressed are strictly of the author and VJM & Associates LLP. The contents of this article are solely for informational purpose. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon.

Don’t forget to share this post!

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on whatsapp
Share on print
Share on email

Read more about our ROC Complinace services.

Call us and know how we are helping companies to be legal complied companies.



Want to talk to us

Leave your Name, email, Phone number along with what you are looking for in message box or you can call us at 011-41715118

V J M & Associates LLP

Contact Us

X