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Dear Professional Colleagues,

Greetings of the Day !

The Central Board of Indirect Taxes and Customs (GST Policy Wing) issued Circular No. 197/09/2023-GST dated July 17, 2023 regarding Clarification on refund related issues.

Highlights

No rejection in case the goods have been actually exported or payment is realized in case of export of services: As long as goods are actually exported or as the case may be, payment is realized in case of export of services, even if it is beyond the time frames as prescribed in sub-rule (1) of Rule 96A, the benefit of zero-rated supplies cannot be denied to the concerned exporters.
Illustration 1: Export invoice raised dated 1^st July 2023, and goods have been exported in 15^th Oct 2023. Refund filed on 20^thOct 2023 for the tax period July 2023. The officer shall neither deny the refund as the goods have actually been exported even though beyond the timelines specified in Rule 96A nor ask the taxpayer to pay the integrated tax and claim refund thereafter.

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Best regards,

AMRG Team

About Us

AMRG & Associates is an established Chartered Accountants firm. It came into existence in 1984 and since then has grown its branches across major Indian cities such as Delhi, Mumbai and Chandigarh. Since its inception, it has become one of the leading chartered accountants’ firms in North India. AMRG & Associates offers its clients a wide range of exceptional services through the expertise of its highly motivated group of trained professionals. The firm provides expertise in financial and business advisory, tax and regulatory, audit and assurance and risk advisory services.

AMRG & Associates has a client base of 200+ companies & individuals. The firm's approach to service delivery helps to provide value-added services to its wide clientele. Our differentiation is derived from a rapid performance based, industry-tailored and technology-enabled business advisory services delivered by talented professionals in the country.

Corporate office (Delhi, India) : AMRG Tower, 23, Paschim Vihar Extension, Main Rohtak Road, New Delhi -110063, T - 011-47322696 / 97

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Sydney, Australia.

International Desk (USA) : Wiener & Garg LLC 6000 Executive Boulevard, Suite 520 |

Rockville, MD 20852, T - 301.881.4244 | D - 240.833.4002

© -2022 AMRG & Associates All Rights Reserved. This document has been written for the general interest of our clients and professional colleagues and is subject to change. This document is not to be construed as any form of solicitation. It is not intended to be exhaustive or a substitute for legal advice. We cannot assume legal liability for any errors or omissions. Specific advice must be sought before taking any action pursuant to this document.

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