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TRANSITIONAL PROVISIONS-PART-IX

Goods and Services Tax - GST - By: - Pradeep Jain - Dated:- 6-1-2017 - GST DAILY DOSE OF UPDATION BY CA PRADEEP JAIN 179. Pending refund claims to be disposed of under earlier law This section provides for the treatment of such refund claims which ha .....

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elf and any refund accruing on such account shall be paid in cash only. Thus no cenvat will be granted against such refund. Presently, the department is allowing the rebate claim under Rule 18 of Central Excise Rules where major amount is sanctioned .....

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ses from the FOB value and this is compared with transaction value shown in ARE-1. Hence, the rebate claim is allowed in this value and rest is allowed as credit. But because under the new law, old taxes and duties won t exist, such cenvat will be of .....

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ay has been carried forward under this Act It is a clarificatory in nature to remove such interpretation of the law which would lead to availing of double benefits i.e. cenvat and refund both. It has been clarified that where any cenvat is carried fo .....

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the claim. This provision has been incorporated recently. But earlier the amount was debited only after sanction of rebate claim so that exact amount is debited in the cenvat credit account. If such type of situation emerge where the amount is not de .....

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d day and exported before or after the appointed day to be disposed of under earlier law 181. Refund claims filed after the appointed day for payments received and tax deposited before the appointed day in respect of services not provided Where the s .....

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