TNPSC Thervupettagam

IGST refunds

June 22 , 2019 2012 days 875 0
  • The Central Board of Indirect Taxes and Customs (CBIC) has introduced manual checks in IGST refunds to prevent frauds and loss to exchequer.
  • The Government has assured all genuine exporters that they would continue to get IGST refunds in a timely manner in a fully automated environment.
  • IGST is levied for interstate transfer of goods.
  • It is shared between Union and state governments.

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