While refunds for 'risky' exporters have been a contentious issue, tax consultants with sizeable client base said that technical glitches are also being cited for pending GST refunds

Budget 2020: With a few days to for the Union Budget 2020, India Inc expects finance minister Nirmala Sitharaman to strike a fair balance between falling consumption, revenue shortfall and high rate of unemployment

CBIC also said in its statement that more than 2 lakh GSTR-3B returns (for the tax month of December) were filed on January 21 (till 12 pm)

The decision to the extend the deadline for availing late fee waiver on GSTR-1 was taken in view of enthusiastic response to the decision, Ministry of Finance said

Prescriptions from top experts in business, economics, politics and taxation

GST meeting agenda: Panel could form a single window for all refunds and disbursal for exporters; to boost the real estate sector, it could also simplify rates on long-term leases

The finance ministers of- West Bengal, Kerala, Delhi, Rajasthan and Punjab said that the GST compensation for August and Sept required to be paid by the Centre sometime in October continues to be outstanding till date

Currently, once a taxpayer files refund claim with the jurisdictional tax authority, say the central tax officer, then he would clear 50 per cent of the claims, and the remaining is cleared by the state tax officers after further scrutiny

It will allow users to use functionality such as drop down menus, invoice upload, upload of purchase register for matching with system created inward supplies

The NCDRC in its order held that the homebuyers can ask builders for a full refund if the possession of the flats is delayed by a year from the promised date of final delivery.

As the basic law and rates settle down, authorities are bracing for the next round - legal challenges from businesses.

The law requires every e- commerce operator to collect 1 per cent tax in case of inter-state transactions and 0.5 per cent in case of intra-state transactions.

The trade deficit, or the gap between imports and exports, stood at $3.98 billion in the last month.

The GST Council had announced substantial GST rate cuts effective from July 27, 2018; including 28-18 per cent on consumer durables, domestic electrical appliances, televisions, storage water heaters, paints and varnishes, scent sprays, etc. and 12 per cent to nil on sanitary napkins

The GST bandwagon has had a choppy ride in the first year but is gaining momentum. Further fine-tuning of the GST law holds key to future success