Checklist Before Filing Your GST Refund Application
Filing a GST refund application is often a critical step for businesses to maintain healthy cash flow and ensure compliance. However, even minor errors can result in delays, rejections, or unnecessary scrutiny from tax authorities. To avoid such pitfalls, it’s essential to have a well-prepared checklist before filing your GST refund claim. This blog provides […]
Role of AI and Automation in GST Refund Processing
Introduction The Goods and Services Tax (GST) framework in India was introduced to simplify indirect taxation, yet refund processing continues to be one of the most challenging aspects for businesses. Delays, documentation errors, and manual scrutiny often create roadblocks, directly impacting working capital. This is where Artificial Intelligence (AI) and automation are transforming the landscape. […]
Refund of Unutilised ITC on Business Closure: Sikkim High Court’s Landmark Ruling
Introduction What happens to unutilised GST Input Tax Credit (ITC) when a business shuts down? Until now, the law was silent, and authorities often rejected refund claims. The Sikkim High Court, in a landmark ruling (SICPA India Pvt. Ltd. & Anr. v. Union of India & Ors., 10 June 2025), has clarified that taxpayers are […]
Is Your Favorite Ice Cream Over-Taxed? The GST Rule Which Affects Buyers & Sellers Alike
On 6th October 2021, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 164/20/2021-GST to clarify how GST should apply to ice-creams parlours. According to this Circular, ice-cream parlours sell goods (manufactured), rather than provide services like restaurants. Therefore, these parlours must charge 18% GST instead of the lower 5% GST that […]
Bharat Mint Wins CGST Refund Dispute: Court Rules in Favor of Substance Over Form
Introduction Filing for a GST refund can be a complex process, especially when technical issues or software errors get in the way. One such case recently made headlines when Bharat Mint & Aroma Chemicals, a registered taxpayer, found their genuine CGST refund claim denied—simply because the refund was mistakenly filed under the wrong tax head. […]
Cash In, Not Out: GST Refund Best Practices for Growing Startups
Introduction Startups in India operate in a fast-paced environment with limited resources and tight cash flows. While GST compliance is mandatory, GST refunds are an often-ignored opportunity to bring much-needed liquidity back into the business. If you’re exporting services, facing an inverted duty structure, or accumulating excess Input Tax Credit (ITC), you may be eligible […]
Big Win for Exporters: No FIRC Needed, Rules Gujarat HC
Introduction In a major victory for exporters, the Gujarat High Court has ruled in favor of Kuehne + Nagel Pvt. Ltd., allowing the refund of unutilized Input Tax Credit (ITC) without the submission of Foreign Inward Remittance Certificates (FIRCs). This judgment will benefit businesses that export services and receive foreign exchange through RBI-approved net-off clearing […]
Bill It, Ship It, Track It: From Dispatch to Destination E-Way Bill Guide
A consignment of goods valued at more than Rs. 50,000 is covered under Section 68 of the Goods and Services Tax Act, along with Rule 138 of the CGST Rules. The registered person or transporter responsible for causing the movement of goods must generate the E-Way Bill from the GST Common Portal (e-Way Bill System) […]
Don’t Miss These: Your August 2025 Tax Compliance Calendar Simplified
August is here, and while it brings the festive spirit for many, for businesses it also brings a string of deadlines that demand attention. The start of a new month is always a good time to check your compliance calendar—and August is no exception. If you want to keep your business running without disruption, staying […]
Unblocking MSMEs Cash Flow: The GST Refund Game Plan
Goods and Services Tax (GST) was introduced with the vision of simplifying the indirect tax system in India. For Micro, Small, and Medium Enterprises (MSMEs), one of the most anticipated benefits under GST is the timely refund of input tax credit (ITC) and other eligible amounts. However, in practice, many MSMEs face serious difficulties in […]