Exporters seek amnesty scheme on IGST refund issues

The PHD Chamber of Commerce and Industry has written to the Central Board of Indirect Taxes and Customs calling for a one-off amnesty scheme to resolve issues that arose from a new provision in India's goods and services tax rules. The provision was designed to protect government revenue from exporters making refunds under integrated GST through "irrelevant" products. These products had allowed suppliers to claim higher tax credits, so the rule was introduced to combat the issue.

from Economy-News-Economic Times https://ift.tt/6UDtdzY
via