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TMI BlogExport With payment of Tax (Intertwining of GST Refunds with Benefits under Advance Authorization)X X X X Extracts X X X X X X X X Extracts X X X X ..... Department of CGST ( senior intelligent officer) have issued summons under section 70 of Central GST regarding restriction under Rule 96(10) is only in the context of claiming refund of the IGST paid on the exports if the given person has availed the benefit of IGST exemption on imports against Advance Authorization under Notf. No. 79/2017 Customs dt. 13.10.2017 claiming the IGST exempti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on on imports. Sec. 16(3) of the IGST Act, 2017 provides for two routes to claim the refund of the accumulated ITC in case of zero-rated supplies.The claiming of the refund under each of the given two routes is subject to such conditions, safeguards and procedure as prescribed. Can a blanket restriction under Rule 96(10) on opting for the with payment route in cases where the IGST exempti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on has been claimed against Advance Authorization be considered as conditions, safeguards and procedure which have been prescribed by virtue of Sec. 16(3) of the IGST Act and section 54 of the CGST Act, 2017 ? IGST calimed as exempt amount is very huge so we can fight against the authority and challenge rule 96(10) in court , If the department considering recent honorable Gujarat hig ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h court judgment in the case of Cosmo Films Ltd. v. UOI (SCA No.15833 of 2018) = 2020 (10) TMI 1099 - GUJARAT HIGH COURT had an occasion to examine the said Rule 96(10) . The Court held that the said restriction shall apply from 23.10.2017. Further the Court held that the exporters who have availed the refund are required to pay back the IGST claimed as exempt on imports along with interest. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By YAGAY andSUN - The Reply = https://www.business-standard.com/article/current-affairs/supreme-court-stays-gujarat-high-court-order-on-pre-import-conditions-119100401214_1.html - Export With payment of Tax (Intertwining of GST Refunds with Benefits under Advance Authorization) - Query Started By: - Arpit Patel Dated:- 10-2-2021 Goods and Services Tax - GST - Got 1 Reply - GST - Di ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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