Now it is easy for exporters to get IGST refund, government took this big step

Now it is easy for exporters to get IGST refund, government took this big step

The Central Board of Direct Taxes and Customs (CBIC) has taken steps regarding the pending IGST Refund (IGST Refund) of exporters. Under this, the deadline for approval of pending Integrated Goods and Services Tax (IGST) refund has been extended to exporters in cases where records have not been sent to the Customs Department due to the difference in GST Return. The Ministry of Finance said that this will help to overcome the problem of refund interruption. This will depend on audit scrutiny by exporters after submission of affidavit / CA (Chartered Accountant) certificate and refund.

The ministry said in a statement, CBIC has extended the deadline for approval of the pending IGST withdrawal. This is for cases where the record has not been sent to ICEGATE (India Custom Electronic Commerce Gateway) due to the difference between GSTR1 (GSTR1) and GSTR3B.

This facility will be available on the shipping bill paid by 31 March

According to the statement, this facility will be for all those 'shipping bills' which have been filled by 31 March. CBIC has also increased the facility to remove the difference in bills through customs officer on permanent basis. Earlier, this facility was for a limited period. That is, those 'shipping bills' were submitted till December 31, 2019, in the same cases this facility was given.


Bharat Bandh: know on what issue today 'India trade off' and why the business organizations divided among themselves

Bharat Bandh: know on what issue today 'India trade off' and why the business organizations divided among themselves

On Friday, on the issue of Goods and Services Tax (GST) and e-commerce, business organizations are divided over Friday's 'Bharat Trade Bandh'. The Confederation of All India Traders (CAIT), a trade union, has called for a nationwide bandh. CAT claims that eight crore businessmen from more than 40,000 business organizations will be involved in the India trade-off. At the same time, some other trade organizations said that they are not supporting the bandh.

Kat said that the All India Transport Welfare Association representing one crore transporters has supported the bandh. The hawkers' joint action committee, the national organization of hawkers, also supported the shutdown. However, other trade organizations such as the Federation of All India Trade Chambers and the Bharatiya Udyog Vyapar Mandal said that they are not supporting the bandh. CAT general secretary Praveen Khandelwal said that 1,500 big and small organizations from all states will protest against the GST amendment. He said that essential services like drug shops, milk and vegetable shops have been kept out of the bandh.

Trade board is not in favor of bandh for some demands

At the same time, VK Bansal, National General Secretary of Federation of All India Trade Chambers said that in favor of some demands we are not in favor of closing shops. However, we believe that GST has deviated from its original objective during the last 43 months. Rakesh Yadav, general secretary of the Indian Industry Trade Board, Delhi, said that we are not supporting the bandh. He said that his organization has given memorandum to the government on issues related to GST.

Angry among traders due to changed rules

Khandelwal said that on December 22 and thereafter, several unilateral amendments were made in the GST rules, due to which there is great anger among traders across the country. Through these amendments, unlimited powers have been given to the tax authorities, in particular, now any officer can suspend or cancel the GST registration number of any trader for any reason, according to his discretion. Not only this, the tax officer can now seize the bank account and property of any trader and the important thing is that before doing this, no notice will be given to the trader and no chance of hearing will be given. What kind of rule is this? Businessmen have been denied their fundamental rights.

The new rule will increase corruption

He said that such rules will not only increase corruption but officers will be able to harass any businessman. Similarly, traders will also be deprived of taking credit for their money which is deposited with the department as input. Apart from this, there are many other rules in which the businessman is denied fundamental rights. He said whether such laws are justified in democracy? He stressed that we support the government's action against those who are not following the law, but the history of the last 75 years shows that whenever the authorities were given such rights, the oppression of traders across the country Has been done. In this sense, there is a lot of concern and resentment among the traders about these amendments.


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