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NEW DELHI: The government is taking a fresh look at exemptions in excise duty and services tax this Budget to prepare the ground for the roll out of goods and services tax (GST) by December this year. If implemented, this could mean a more expensive grocery bill as a host of packaged food items such […]

Since March 2022, the Chinese government has implemented value-added tax (VAT) credit refunds on a large scale to help enterprises in specific sectors facilitate cashflow and sustain a stable macroeconomic performance. From April to May 2022, the VAT credit refunds totalled 1.34 trillion yuan. According to the Announcement [2022] No. 21, starting from 1 July, […]

Albania: VAT Refund Process Update To print this article, all you need is to be registered or login on A new online VAT refund platform, provided by the General Directorate of Taxes, is available in Albania since 7 March 2022. This platform will be used to create, […]

The Uttarakhand High Court has stayed the operation of a Circular issued by the Revenue Authorities, to the extent it inhibits refund claims for a period of two separate (not successive) financial years and requires filing of Refund in a chronological manner. The Bench comprising of Justices Sanjaya Kumar Mishra and Alok Kumar Verma has […]

To print this article, all you need is to be registered or login on Goods and Services Tax was introduced in India in July 2017 replacing the erstwhile taxation regime of multiple taxes applicable on business transactions. As a result, Service Tax was also subsumed into the GST system. However, even after more […]