Practical Accounts And Taxation
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By introducing new CGST amendment CBIC has imposed new restrictions on claiming Integrated GST refund on the export of Goods and Services.
The notification says, person claiming refund of integrated tax paid on export of Goods or services should not have received supplies on which the supplier has availed the benefit of notifications issued by the government from time to time. The benefits includes the provisions relation to ‘deemed supply’ under the notification issued in last year i.e oct 2017 which says that the supply of goods by registered person against advance authorization, against export promotion capital goods authorization, supply to export oriented unit, supply by bank or public sector undertaking are deemed supply for the purpose of Act.
This restrictions come into force w.e.f 23rd October, 2018
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