- GST Council proposed amendments to restrict IGST refunds on goods subject to export duty
- Proposed amendments affect Section 16 of the IGST Act and Section 54 of the CGST Act
- Refund of IGST will be restricted regardless of whether goods are exported with or without tax payment
- Restrictions will also apply to goods supplied to SEZ developers or units for authorized operations
- Meeting chaired by Finance Minister Nirmala Sitharaman on June 22, 2024 in New Delhi
Source: taxscan.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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