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nine.1 in the course of the processing of the refund claim, the value of the goods declared during the GST invoice and the worth during the corresponding transport bill / Invoice of export needs to be examined as well as the lower of The 2 values ought to be sanctioned as refund. what is going to we do if We've got LUT and we stuffed gstr 1 in wit

This section bargains about determination of tax not paid or shorter paid or erroneously refunded or input tax credit rating wrongly availed or utilized for any reasons apart from fraud or any willful mis-assertion or suppression of points. When somebody has not paid out or limited compensated or erroneously been given refund or wrongly availed or

CBIC issued clarification on valuation of offer of import of companies by a relevant particular person where by recipient is suitable to whole enter tax credit history The GST shall be payable by the domestic holding corporation on a reverse cost basis on these types of import of solutions within the foreign Keeping business, the CBIC reported. L

Noting that India nowadays has emerged given that the dependable associate of the World, Shri Goyal click here stated India has now emerged as a high quality manufacturer of beneficial products and products and services, presented the skillsets plus the expertise pool available throughout sectors- IT, textiles, hospitality, gems and jewellery and a