Key Points
Exporters have sought a one-time amnesty scheme to resolve issues arising from a provision in the goods and services tax (GST) rules that seeks to shield government revenues from traders who claimed refunds under integrated GST (IGST) through what authorities have termed 'irrelevant' products...
In a letter to Central Board of Indirect Taxes and Customs (CBIC) chairman Sanjay Kumar Aggarwal, the PHD Chamber of Commerce and Industry requested the body to address IGST refunds paid on exports under Rule 96(10) of the central GST rules.. Explaining that exporters were claiming IGST refund under provision for excess GST paid, the chamber said: "In cases of exports made on payment of IGST, the exporters claimed refund of IGST with the bona fide understanding that they are entitled to claim refund."..
As per the letter, several exporters received recovery notices flagging their ineligibility in case of exports made on payment of IGST, leading to litigation...
