IGST refunds are automatically issued to exporters, based on shipping bills filed with customs and goods and services tax returns filed with central tax authorities.
NEW DELHI: Indian customs officials could soon get more powers to effectively deal with growing tax frauds of integrated goods and service tax credits.
The Union Budget of 2019-20 is scheduled to be presented on July 5 by the newly-elected Finance Minister - Nirmala Sitharaman. There are a lot of expectations regarding ease in the taxation norms and financial benefits from the Narendra Modi led NDA II government.
Tirupur: For more than a decade since globalisation, the central government’s textile committee was the quality regulating agency for all textile export goods in the country.
Surat: The production of polyester fabric in the country’s largest man-made fabric (MMF) centre has been affected with the power loom, embroidery and textile processing units facing acute shortage of workers for the past few months.
The Indian rupee opened higher by 20 paise at 69.48 per dollar on Thursday versus previous close 69.68.