Clarification Regarding Regularization of Refund of IGST Availed in Contravention of Rule 96(10) of CGST Rules, 2017
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- Last Updated on 13 September, 2024
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Circular No. 232/26/2024-GST dated September 10th, 2024
The CBIC has issued circular to clarify that where the inputs were initially imported without payment of integrated tax and compensation cess by availing exemption but subsequently, GST on such imported inputs are paid at a later date, then the IGST, paid on exports of goods, refunded to the said exporter shall not be considered to be in contravention of provisions of sub-rule (10) of rule 96 of CGST Rules.
Click Here To Read The Full Circular
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