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:
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 on such export. Invoice wise details of export invoices are furnished in Table No. 6A of GSTR-1 wherein information is provided of Shipping Bill Number, Shipping Bill date, Port code, value of goods exported, taxes paid on such export etc. Data furnished in Table-6A are
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 reduction. The NATIONAL ANTI-PROFITEERING AUTHORITY agreed with the findings of the DGAP and directed the developer to refund the net benefit of ITC by way of price reduction and excess GST collected from the flat buyers, along with interest @ 18% per annum. Salarpuria Real
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