Section 54 of gst
Web1 day ago · The production of coking coal by Coal India Ltd (CIL) rose by 17.2 per cent year-on-year (y-o-y) to 54.6 million tonnes (MT) in 2024-23. The state-owned miner had produced 46.6 MT coking coal during the preceding 2024-22 fiscal, it said in a statement. "The quantum leap was a whopping 8 MT. Web14 Apr 2024 · In WP NO. 13709 OF 2024-BOM HC- Bombay HC sets aside order of Additional Commissioner (Appeals-II), Central Tax that had rejected the refund claim of petitioner primarily on the ground that the refund claim was beyond the period of 2 years as prescribed under section 54 of CGST Act Justices Nitin Jamdar & Abhay Ahuja [23-02-2024]
Section 54 of gst
Did you know?
Web13 Jun 2024 · Refund of the unutilized input tax credit as specified under Section 54(3) of the GST Act due to an inverted duty structure. Besides these types of refunds which have been specified under Section 54 of the GST Act, there can also be other types of refunds like the following – Refund of tax on export of goods and services WebSection 54 (1) of the CGST Act states that any person who has paid any tax and interest, if any, paid on such tax or any other amount can apply for the claim of such tax, interest (if any), or another amount so paid. Application for refund shall be made before the expiry of two years from the relevant date.
WebHNA Case digest 6: GST: Rectification of Inadvertent Errors enables Proper Reporting of Turnover: Madras HC allows to Upload rectified Form GSTR 1. The… Webthe 2nd respondent - Principal Commissioner of Central Tax, GST Bhavan, Secunderabad,, to grant the IGST refund of Rs.14,78,99,959/- along with applicable rate of interest under Section 56 of the Central Goods and ... 90% as provided under Section 54(6) read with Rule 91 of the CGST Rules, which the respondents failed to do. Further, it is also ...
Web7 Section 54 of the CGST Act provides for a refund of tax. Under sub-Section (1) of Section 54, a person claiming a refund of “tax and interest, if any, paid on such tax or any other amount paid” has to make an application within two years of the relevant date. Section 54(3) provides for a claim of refund of unutilised ITC. Sub- Web17 May 2024 · Section 54 restricts the sale or transfer of the new residential property for which the assessee has claimed an exemption u/s 54. According to this, the assessee is mandated to hold the newly bought/ constructed house property for at least 3 years. If the assessee sells the new residential house property within 3 years from its purchase or ...
WebSection 54 (1) of CGST Act 2024: Section 54 (1): Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount paid by him, may make an application before the expiry of two years from the relevant date in …
Web19 Nov 2024 · The CBIC issued the abovementioned Circular No. 166/22/2024-GST on 17th November 2024 to clarify certain issues relating to GST refunds. ... On perusal of the above, it is clear that clause (b) of Explanation (2) under section 54 of the CGST Act is applicable for determining relevant date in respect of a refund of the amount of tax paid on the ... hotels near morley fieldWeb29 Aug 2024 · Section 54 of CGST Act 2024: Refund of Tax (CHAPTER XI – REFUNDS) (1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other … hotels near morganton ncWebREFUND PROVISIONS UNDER GST LAW CHAPTER XI REFUNDS 54. (1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount ... If any tax ordered to be refunded under sub-section (5) of section 54 to any applicant is not refunded within sixty days from the date of receipt of application under sub- section (1) of ... limestone for water treatment systemsWeb16 Mar 2024 · The provisional refund in accordance with the provisions of sub-section (6) of section 54 shall be granted subject to the condition that the person claiming refund has, during any period of five years immediately preceding the tax period to which the claim for refund relates, not been prosecuted for any offence under the Act or under an existing … limestone for lawns and gardensWeb10 Apr 2024 · Section 54 of the GST Act provides the provisions for claiming a GST refund. Three types of GST refunds can be claimed under this section, and the documents … limestone from anicent coral reefsWebSection 54 of CGST Act 2024. *Section 54. Refund of tax.-. **. (1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount paid by him, … limestone free will baptist church facebookWeb18 Feb 2024 · Yes under Rule 89(2)(k) , the CA certificate is required if Refund claim exceeds 2lac rupees. (refer Annexure A of point 8 of Circular 125 ) Kindly Refer the proviso under clause (m) of Rule 89(2) of CGST Act , states that CA certificate is not required in respect of cases cover under clause (a) to (d) & (f) of Section 54 of CGST Act . hotels near mornington peninsula