Tax Guru

Step-by-Step Guide to Claiming GST Refunds Under Inverted Duty Structure

Learn how to calculate and file refunds for unutilized ITC when input tax rates exceed output tax rates, ensuring compliance and faster ...
Tax Guru

Post GST Refund Cannot Be Granted Without Filing TRAN-1 for VAT ITC: Allahabad HC

The Court held that ITC refund on capital goods cannot be granted when the dealer failed to file TRAN-1 under GST transition rules. The ruling confirms that the VAT Act provides no mechanism for such ...
The Financial Express

Morepen Labs gets show-cause notice from the tax authorities for Rs 177 crore GST refund

Morepen Labs received a GST show-cause notice over an alleged excess refund of ₹177 crore. The company denies violations and ...
LiveLaw

Refund On Zero-Rated Supplies Cannot Be Denied Based On Deemed Export Circular: Gujarat High Court Sets Aside Recovery Orders

The Gujarat High Court has recently held that the Petitioners—100% EOUs exporting goods without payment of tax—were entitled to refund of unutilised ITC under Section 54(3) read with Rule ...

Delayed possession: MREAT rules that homebuyers cannot seek refund of GST, stamp duty, TDS from real estate developers

The Maharashtra Tribunal held that GST, stamp duty and TDS are paid to the government, not retained by developers, so homebuyers must approach the authorities | Real Estate News ...
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Tax credit woes: Tractor makers, insurers, fertilizer firms seek faster refunds

Tractor and fertilizer companies have sought quicker refunds from GST authorities stating that they may not be able to fully recover from consumers taxes already paid on raw materials and services ...