Clarification on scope of “as is / as is, where is basis” mentioned in GST Circulars
Home Goods and Services Tax Circulars Central Tax Government of India’s Circular No. 236/30/2024-GST, dated October 11, 2024, addresses doubts regarding the application of “as is” or “as is, where is” basis in the context of Goods and Services Tax (GST). This clarification follows discussions in the GST Council’s 54th meeting on September 9, 2024, […]
Mechanism for Refund of Additional IGST Paid on Price Revision Post-Exports
Home Goods and Services Tax Circulars Central Tax Circular No. 226/20/2024-GST issued by the Ministry of Finance addresses the need for a refund mechanism concerning additional IGST paid on goods post-export due to price revisions. The circular mandates exporters to file refund claims electronically using Form GST RFD-01. It specifies that until a dedicated category […]
Corrigendum to Circular No. 237/31/2024-GST dated 15th October, 2024
Home Goods and Services Tax Circulars Central Tax Ministry of Finance, through the Central Board of Indirect Taxes and Customs (CBIC), has issued a corrigendum to Circular No. 237/31/2024-GST dated October 15, 2024. This corrigendum, dated October 25, 2024, introduces a clarification regarding refund restrictions under Section 150 of the Finance (No. 2) Act, 2024. […]