What is GST? The term GST stands for Goods and Services Tax. Actually, GST is a destination based tax, which has been invented across the country since last July. This tax can replace the former central taxes as well as duties such as Special Additional Duty of Customs (SAD), Excise Duty, Counter Veiling Duty (CVD), […]
ALL Basic information about GST Good and service tax is the comprehensive indirect tax which has been changed most of the indirect taxes in India. GST act was accepted in Parliament on 29th March 2017 and it came into the process on 1st July 2017. Goods and Services Law in India is the multi-state, comprehensive and destination […]
NEW DELHI: In a bid to expedite GST refund clearances to the exporter, the CBEC (Central Board of Excise and Customs) today held a meeting with leading industry and exporters to discuss on GST refunds for clearing the pending dues.
In the meeting held earlier this month, the GST Council has decided that it will implement e-wallet mechanism to GST refund issue to exporters who have been complaining of delays in the refund of taxes under the GST regime, Commerce and Industry Minister Suresh Prabhu said on Sunday.