NEW DELHI: In a major relief for the export sector, the customs authority has directed tax officials not to insist on proof of realisation of exports proceeds for processing of input tax refunds.
GSTN said that it could have been possible that some filers may have momentarily experienced being logged out at the load threshold of 1.5 lakh returns load at a particular point of time or some difficulty due to any local issue at the taxpayer filers' end.
BENGALURU : Digital payment technology and payment gateways create significant value for micro, small and medium enterprises (MSMEs) in India, while more than 9 million GST-registered MSMEs could be a potential market for advanced offerings from fintech companies.
NEW DELHI : The governments of Rajasthan, Kerala, Delhi, Punjab and West Bengal on Wednesday urged the Centre to immediately pay them the guaranteed compensation for their Goods and Services Tax (GST) revenue loss for August and September, which they said they have not received.
The finance ministers of five states — Delhi, Punjab, Rajasthan, Kerala and West Bengal — have expressed concerns over the worsening financial condition and criticised the Centre for delaying the release of GST compensation cess for the months of August and September.
Umpteen GST amendments, circulars and change of rules have befuddled MSMEs and small tax payers.