The law permits refund of input tax credit on exports due to their zero-rated nature. The discussion clarifies refund ...

Section 54 provides a complete framework for GST refunds, including timelines and conditions. Courts have clarified strict ...

Domestic GST revenue reached Rs 1.46 lakh crore, registering a growth of 5.9%, while revenue from imports was recorded at Rs 0.54 lakh crore, rising sharply by 17.8% during the period.

The Finance Act amendment could primarily benefits IT/ITeS companies, marketing firms, and businesses providing intermediary ...

In a major relief for India’s IT services exporters, the government has scrapped the contentious “intermediary” clause under ...

Total refunds in March increased 13.8% year-on-year to ₹22,074 crore, while full-year refunds grew 17.8% to ₹2.92 lakh crore.

Under the previous rules, many service providers were classified as "intermediaries", which meant the "place of supply" was ...

The inverted duty structure arises when the rate of tax on inputs exceeds that on output supplies, leading to accumulation of ...