GST Refunds (A Practical Guide)

HIGHLIGHTS
• Exhaustive Commentary in 29 Chapters
• Steps for claiming various types of Refunds
• Refund related Provisions, Rules, Forms & Circulars
• Chapters on Highlights and Critics & Suggestions
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Description
We feel immense pleasure in releasing the Second edition of this Book, "GST Refund - A Practical Guide", and expressing our gratitude to the esteemed readers for their response, support and confidence in our other Books. We are grateful to the readers for their valuable suggestions. Refund is the backbone of the GST not only for the taxpayers, but also for the Government. With the implementation of GST, requirement of working capital of the traders and industries has been multiplied due to investment in indirect taxes. Since investment in tax in the GST regime is higher in comparison with erstwhile indirect tax regime, delay in release of refund by the Government disturbs the economic activities of the traders and the industry. Not only the Government has attempted in speedy disposal of refund applications; but, simultaneously, in number of cases, the Hon'ble High Courts have ordered for disposal of claims in time-bound manner and also allowing the interest in cases of delay of disposal.
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Contents
PART-A-GUIDE
A-1   - Terminology
A-2   - Refund-Grounds & Mechanism
A-3   - Refund-Time Limit
A-4   - Export of goods with payment of GST
A-5   - Export of services with payment of GST
A-6   - Export against Bond/LUT
A-7   - Goods sent out of India without supply
A-8   - Supplies to SEZ-with payment of tax
A-9   - Supplies to SEZ against LUT
A-10 - Deemed Export
A-11 - Inverted Duty
A-12 - Compensation Cess
A-13 - Consequence of Order or Judgment
A-14 - Change of place of supply
A-15 - Electronic cash ledger
A-16 - Canteen Store Department
A-17 - U.N., Embassies and other specified Organisations
A-18 - International Tourist
A-19 - Seva Bhoj Yojna
A-20 - Excess payment of tax
A-21 - Any other ground
A-22 - Acknowledgement
A-23 - Withdrawal of Refund Application
A-24 - Grant of Provisional Refund
A-25 - Withhold the Refund
A-26 - Processing & Disposal of Refund
A-27 - Entries in Electronic Ledgers
A-28 - Interest on Delayed Refund
A-29 - Erroneous Refund
PART-B-PROVISIONS
B-1 - GST Refunds Related Sections
B-2 - GST Refunds Related Rules
B-3 - GST Refunds Related Forms
B-4 - Refund related important Circulars
PART-C-CRITICS/SUGGESTIONS
C-1 - Refund Related Highlights
C-2 - GST Refund-Critics & Suggestions
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Author Details
Rakesh Garg, LLB, FCA, a graduate of Shri Ram College of Commerce, Delhi and a fellow member of the Institute of Chartered Accountants of India, has been practicing as CA for more than 38 years and has specialization in Sales Tax, VAT, Service Tax, and
now, GST.
Sandeep Garg, CMA, FCA, a graduate from Shri Ram College of Commerce, Delhi and a fellow member of the Institute of Chartered Accountants of India, has been practicing as CA for almost 30 years.