VATupdate

Share this post on

Refund in GST regime under Section 54 read with Rule 89 and 96

Refund in GST regime

For a tax payer refunds are always pleasant and it is been looked upon as a blessing in spite of the fact what it really is the reimbursement of tax payers own money by the government. This factor brings it near to recovery of money loaned to a friend that you thought might never came back.

In every taxing statute administration of refund aims at providing prompt payments to the taxpayers in order to minimize the loss of interest to taxpayers and so is the case with GST.  The article is an attempt to compile the common issues or errors faced by taxpayers in processing of their refunds.

Source Taxguru

* click here if you have interesting news to share *