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TMI BlogReview of progress of implementation of Scheme of Budgetary Support to eligible industrial units located in States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim - clarificationX X X X Extracts X X X X X X X X Extracts X X X X ..... al units located in States of Jammu Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim - clarification reg. Madam/Sir, A meeting was convened at Central Board of Indirect Taxes and Customs (CBIC) on 23.05.2018 to review progress of implementation of Scheme of budgetary support. In the meeting various technical and operational issues forwarded by Department of Industrial Policy and Promotion (DIPP), Trade associations and field formations were also discussed and recommendations forwarded to Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce Industry for consideration. The issues requiring amendment of the scheme are proposed to be addressed by DIPP by way of issuance of notification amen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch goods. Multiple business premises under the Same GSTN and determination of amount of refund: Trade has represented that where the entities are having multiple operations in the state on account of there being single return for all the transactions, the credit of one gets off-set against the other and the budgetary support is not being allowed over and above the cash paid by them. 4. Under the scheme, a provision of certificate by the Chartered accountant has already been provided for. In addition, an assessee also has an option to register its operations other than eligible unit as a separate business vertical having a unique GSTIN. The definition of business vertical is proposed to be omitted in terms of CGST (amendment) Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fund claims. Time limit for disposal of the claims filed by the eligible units was discussed as at present no time limit is provided in the scheme itself. 7. It was decided that the claims should be disposed off within 2 weeks since the applicant has already incurred liability and paid the tax and in no case, it should be later than 30 days. Jurisdictional Chief Commissioner is to monitor the same and ensure expeditious disposal. Insistence on ink signed copy by PAO, of sanction order, creates delay in the sanction of refund. It was suggested that there should not be any requirement of ink signed copy of the sanction order to the PAO by the DC/AC especially in areas where Commission rates are located in far flung areas. 8. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... risdictions, wherever necessary. It was pointed out that there is no access to Electronic Credit Ledger and Electronic cash ledger for verification of the claim by the field officers. This leads to difficulty in verifications. 11. Field officers presently have access to Electronic Credit Ledger and Electronic cash ledger. There is no clarity w.r.t requirement of pre-audit or post -audit for the budgetary support amount sanctioned. 12.1. AS such payments will be liable to be audited by the C AG office accordingly there is no requirement for audit by departmental officers. It is reiterated that these payments are not tax refunds but budgetary support. 12.2. The clarifications are expected to bring clarity and uniformity ..... X X X X Extracts X X X X X X X X Extracts X X X X
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