Tags: export

Recent Clarifications on GST Related Issues

Recent Clarifications on GST Related Issues

 For the purpose of ensuring uniformity in the implementation of GST provisions, CBIC has issued clarifications vide. Circular No. 160/16/2021-GST dated 20.09.2021 in respect of the following issues: 1. What will be the relevant date for determining “Financial year” for the purpose of provisions of Section 16(4)? 2. Is refund of unutilised ITC prohibited where […]

Recent Clarifications on GST Related Issues

Amendment to Custom Brokers Licensing Regulations, 2018

Custom brokers are agents, operating under license and acting on behalf of importer/exporter for purposes of business transactions related to departure of conveyances Or import/export of goods at any custom station including audit. CBIC has vide Notification No. 62/2021 dated 23.07.2021 made certain amendments to the Customs Brokers Licensing Regulations, 2018. The prime focus of […]