Knowledge Base

Manner of calculation of Adjusted Total Turnover for GST Refund | Clarified
Considering the representation, CBEC has clarified various refund related issued vide Circular No. 147/03//2021-GST dated 12th March, 2020 where following issues are clarified:
By CA. Sachin Jindal
Last update on April 6,2021
Benefit of Sanctioning IGST refund where data has not been transmitted to IEC Gateway | Extended till 31.3.2021
1. Issue with respect to transmission of data to IEC Gateway in case of IGST refund from customs Under Goods and Service Tax, information related to exports are furnished at following two places: Summary information is given in Table 3.1(b) of GSTR-3B where details are given of Value of Export and Amount of IGST paid […]
Last update on March 16,2021
National Anti-Profiteering Authority rules on passing on benefits of lower GST rate to home buyers
1. Introduction The NATIONAL ANTI-PROFITEERING AUTHORITY ruled that profiteering should be determined at the point in time and not at the completion of the project. As the developer had availed ITC during the project tenure, the developer was liable to pass on the benefits of lower GST to home buyers by way of commensurate price […]
By CA. Sachin Jindal
Last update on June 11,2019



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