GST refunds under the fast-track route will require officer scrutiny if an earlier refund order is under dispute, potentially delaying working capital relief for businesses
From easier input tax credit claims to automated registration and a ₹40-crore cap on penalty-only appeals, the proposed changes seek to reduce compliance friction.
Proposed changes seek to widen the definition of services exports, ease rules around overseas branches and allow faster GST refunds through a risk-based mechanism
The refund for capital goods is likely to be implemented from April 1, 2027. Refunds for input services are likely to take effect this year itself, once council approves
Industry body FISME has urged the CBIC to protect bona fide GST buyers from suppliers' defaults, expedite refunds and simplify compliance to improve ease of doing business
The pendency of GST refund claims has come down significantly over the past two years as of March 31, 2026, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said 64 claims involving a refund amount of about Rs 164 crore were pending for more than 60 days but up to 90 days as of March 31, 2026. This is significantly lower than 907 claims involving a refund amount of Rs 274 crore at the end of FY24; and 374 claims involving a refund amount of Rs 246 crore as of FY25. With regard to GST refunds, which are pending for more than 90 days, the number of claims has come down to 110 involving a claim of Rs 64 crore as of March 31, 2026. This corresponds to 1,592 claims involving a refund of Rs 696 crore as of FY24 and 712 claims worth Rs 560 crore as of FY25. Chaudhary said the delay in processing of refund claims is mainly on account of delayed submission of documents and delayed submission of replies by the taxpayers i
Policy think tank says regulatory hurdles, not demand, are holding back tourism; proposes easier visas, GST refunds for foreign tourists and seamless interstate travel
CBIC assures micronutrient makers of faster GST refunds to offset inverted duty structure, while ruling out refunds on dealers' stock-in-trade under current law
CBIC Chairman Sanjay Kumar Agarwal said the scheme will cover both central and state jurisdictions, and apply in cases where applicants are assessed to be low-risk
There should be no restrictions on taking input tax credit (ITC), on the essential principle that once tax is paid, it should either be refunded or go into the ITC chain
The gross GST collection - the amount before adjusting for refunds - rose by 7.3 per cent in December to Rs 1.76 trillion
Siam adds in the letter that India should reduce the GST across all two-wheelers from 28 per cent to 18 per cent, a long-standing demand from the industry
GST field officers will now have to seek the approval of their zonal principal chief commissioners to initiate an investigation against any big industrial houses or major MNCs and levy duty on goods/services for the first time. The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines for Central GST (CGST) officers. According to the guidelines, when a taxpayer is simultaneously being investigated by the state GST and DGGI officers on different subject matters, the principal commissioner will "consider the feasibility" of only one of the offices pursuing all the cases with respect to the taxpayer. The guidelines have also set a deadline for tax officers to conclude an investigation within one year of their initiation. CBIC further said that in initiating an investigation with respect to a listed company or PSU or seeking details from them, the CGST officers should issue "official letters instead of summons" to the designated officer of the entity, detailing the .
States have been concerned about increasing cases of Centre imposing cesses for garnering additional revenue
Vodafone Idea is pushing for a third concession. It is hoping the government will pay the GST refunds
The high court's order, which says refunds paid on service inputs can be restricted, runs contrary to Gujarat HC verdict and could complicate matters
Say they are being harassed by the authorities even as 1,500 who claimed bogus GST refunds are untraceable
NIPFP's Rathin Roy said that providing income support and preventing wealth disruptions is a necessary requirement in the current situation.
he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds
The case pertains to underreporting of input tax credit in the GST summary return form, GSTR 3B