This comprehensive guide provides an in-depth understanding of TDS refund, including its eligibility criteria, procedures, and benefits.

Electronic cash ledger is like an e-wallet. Any GST payment made in cash or through a bank reflects in the Electronic Cash Ledger. Under GST, the refund of the cash balance in the electronic cash ledger deposited in excess or tax paid by mistake is available. Such excess payment may be on account of: Wrong […]

Learn how GST refund for export can reduce costs, improve cash flow, competitiveness. Understanding of the process & eligibility criteria

Objections concerning, “Whether an Indian importer can be subject to levy of IGST on ocean freight paid by the foreign seller to the foreign shipping line on a reverse charge basis” has been raised in various audit inquiries across the country and area of trouble for all the importers. The CGST Act requires the importers […]

Explore the tax implications of NFTs under GST. Gain insights into how NFT transactions are treated, and how they are taxed.

Discover how suppliers operating through e-commerce operators can take advantage of the TCS refund opportunity. Learn about the process

Automatic refunds of GST are processed after filing GSTR 1 and GSTR 3B but require EGM filing and can be delayed by mismatches. Manual refunds allow for monthly or quarterly applications and quicker processing but involve human intervention and cannot be revised. Both methods have specific advantages and disadvantages based on the nature of exports and interaction with authorities.

Integrated GST (IGST) on Ocean freight has always remained a point of discussion around the corner. The whole trouble started when the tax department started issuing fresh tax demands and issued notices to companies over GST on ocean freight. Some of the companies had even approached various courts and failed writ petitions against the tax […]

GST refund process, common issues, and how businesses can resolve them to ensure smooth tax recovery and compliance

Explore the GST Refund Challenges Faced by Exporters – Find out the hurdles and solutions exporters encounter when claiming GST refunds.

In the recent judgment of the Hon’ble Madras High Court in the matter of D.  Y. Bethel Enterprises [TS-190-HC(MAD)-2021-GST], wherein assessment orders holding reversal of credit availed by the purchaser for non-payment of tax by the seller were quashed on the ground that no recovery proceedings were initiated against such seller in the first instance.

“Slump Sale” is a buzzword in the field of corporate restructuring. In a practical scenario, companies sell off a portion of their business as part of a restructuring exercise in order to prosper both in size and profitability or for any other reason. One of the modes of such corporate restructuring is through slump sale