Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Service Tax »
Open DEMAT Account in 24 hrs
 Income Tax SFT return filing due date extension: Facility to remain open for a couple of days Latest news
 Income tax filing: Waiting for your Form 16? Here is what you need to know
 Salaried? Rental tax calculation rules you should know before ITR filing in 2023
 What are new tax regime's slabs? Know its limits, benefits, and more
 How much additional tax do you need to pay? ITR filing last date for FY 2019-20
 Income Tax Return Filing: How to file ITR - step-by-step guide
 New Income Tax Slabs for Super Senior Citizens 2023-24: Which rate will apply for ITR now?
 Income Tax Return filing 2023 data: How many Indians aged 18-35 years file ITR?
 Make tax-saving a part of your overall investment plan
 Filing ITR? Maximize Your Tax Savings With These 7 Allowance Benefits
 Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act, 1961 ('Act') in view of the then-Covid-19 pandemic

Draft circular issued on streamlining refund claims for services exports
November, 01st 2011

The Government has brought out a draft circular to streamline the process of sanctioning of refund claims, mainly arising on account of service tax borne on input services that have gone into exports of services.

This draft is being placed in public domain for widest possible circulation and an extensive debate from all stakeholders in trade and industry as also from all the field formations of the department, the Central Board of Excise and Customs draft circular said.

All suggestions and feedback should be emailed to d.aron@nic.in by November 30 and they would be considered for revising the draft circular, it said.

Representations have been received both from the field and the trade regarding difficulties being faced in the determination of the input services which are eligible for refund, the draft circular said. Resultantly, the issue has spawned delays and disputes, which has necessitated the issue of this clarification, it added.

It is hoped that with the issuing of this circular, smooth and expeditious disposal of exporters' claims for refund shall follow, the draft circular said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting