Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
October 17, Wednesday 2018 8:34 AM       

       HEADLINES: Nation going to witness protests of Ayyappa devotees, Rahul Easwar tells Arnab Goswami                                              ‘Cyber bullies should be purified’, says Saradakkutti                                              Women should not destroy rituals, says Ali Akbar                                              Police dept prepares List of women-officers to be deployed at Sabarimala                                              Navarathri festival begins at Pathmanabhapuram palace                                              Bar demands lifting ban on lawyers' strike, but CJI unimpressed                                              Sharad Pawar won't contest 2019 polls: NCP                                              Khaleda Zia admitted to specialised state-run hospital                                              India beat West Indies by innings and 272 runs                                              Kaumudi Facebook
       BUSINESS Next Article: Ind-Swift Laboratories raises Rs 424.5 crore via NCDs  
       GST refund drive extended till June 16
 
         Posted on :17:41:15 Jun 13, 2018
   
A A
       Last edited on:17:41:15 Jun 13, 2018
         Tags: GST, new delhi
 

NEW DELHI: The special fortnight-long drive to process pending Goods and Services Tax (GST) refunds has been extended by two more days till June 16.
The government launched the second "Special Drive Refund Fortnight" from May 31 to June 14. During the first Refund Fortnight from March 15 to 29, an amount of Rs 5350 crore was sanctioned.
During this fortnight, over Rs 7500 crore has been sanctioned.
All exporters whose refunds have been held up on account of short payment have been directed to make the payment of Integrated Goods and Services Tax (IGST) equal to short payment and follow the instructions of Circular No.12/2018-Customs dated 29.5.2018.
In IGST short payment cases, small exporters whose aggregate IGST refund amount for the period July 2017 to March 2018 is up to Rs 10 lakh will have to submit self-certified copies of proof of payment of IGST to the concerned Customs office at the port of export. Others can submit a certificate from a Chartered Accountant including the proof of payment.
All Goods and Services Tax (GST) refund claimants, whose claims are still pending, have been asked to approach their jurisdictional Tax Authority for disposal of their refund claims submitted on or before 30.04.2018. In case the jurisdiction (i.e. Centre or State) has not been defined for a particular claimant, he or she can approach either of the jurisdictional tax authorities.
All claimants should note the refund application in FORM GST RFD-01A will not be processed unless a copy of the application, along with all supporting documents, is submitted to the jurisdictional tax office. Mere online submission is not sufficient.
All IGST refund claimants will have to register on ICEGATE website to check their refund status.
Customs field formations have been informed about the extension of the refund drive.

A A
       BUSINESS
Next Article: Ind-Swift Laboratories raises Rs 424.5 crore via NCDs
 
 
BUSINESS HEADLINES
IndiGo announces flights to Male, Phuket  
RBI maintains status quo; warns volatile oil prices pose risk to inflation  
Chanda Kochhar resigns from ICICI Bank  
Mukesh Ambani emerges richest Indian for 11th consecutive year: Forbes  
Prabhu to chair inter-ministerial meet on rupee, trade deficit tomorrow  
Jaitley defends loan write-offs; says they don't lead to waiver, recovery still pursued  
Air India to sell 14 properties; eyes Rs 250 cr  
Betting on premiumisation, Godrej Locks eyes Rs 10 billion revenue by FY22  
Uttarakhand receives investment proposals worth Rs 74K cr  
Trade war will help India emerge as bigger trading, manufacturing base: Jaitley  
RBI eases cash reserve rules to ease liquidity  
Gold climbs Rs 175 on global cues, jewellers' buying  
India's economy continues on robust growth path: ADB  
Sensex, Nifty turn choppy ahead of US Fed policy outcome  
Jaitley asks PSU banks to take effective action against frauds, wilful defaults  
New MD-cum-CEO for Indian Bank  
New MD-cum-CEO for Indian Bank  
India may cut oil imports to mitigate pain from high oil prices, dip in rupee  
Gold rises marginally as traders widen bets  
Fed rate decision, rupee, crude oil to drive markets this week: Experts  
"RBI unlikely to hike repo rate in Oct despite weak INR"  
OYO to hire over 2,000 tech experts, engineers by 2020  
Sensex ends in red after 1,000-pt flash crash  
OYO to hire over 2,000 tech experts, engineers by 2020  
Avis India announces free doorstep delivery, collection of self-drive cars  
 
Do you think Sabarimala protests have embarrassed the State government?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy