GST update on mismatch of invoice numbers
By: – Pradeep Jain
Goods and Services Tax – GST
Dated:- 16-11-2017<\/p>\n
Many steps have been taken by the Government for the smooth implementation of GST. But there are some problems being faced by the assesses especially the exporters relating to the Refund of IGST paid and unutilized credit. A set of Representations have already been sent by us requesting for solving the issue and providing relief. Among various issues faced the principal issue is that there is no proper mechanism for the purpose of verification of invoice numbers quoted under GST and custom. Exporters are required to generate a proforma invoice vis a vis a commercial invoice for the purpose of booking an export consign<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n d Customs purposes. Also, IGST paid amount indicated in GSTR-1 is not tallying with IGST paid amount indicated in shipping bill. As the same transaction is being reported under GST Act and Customs Act, the exporters may take care to ensure the details of invoice, such as invoice number, IGST paid etc, under GSTR 1 and Shipping bill match with each other.” It is worthwhile to mention here that this clarification only highlights the problem but does not provide any remedial measure; thus, the practical difficulties faced by the exporters remain intact even after issuing the clarification. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST update on mismatch of invoice numbersBy: – Pradeep JainGoods and Services Tax – GSTDated:- 16-11-2017 Many steps have been taken by the Government for the smooth implementation of GST. But there are some problems being faced by the assesses especially the exporters relating to the Refund of IGST paid and unutilized credit. A set … Continue reading “GST update on mismatch of invoice numbers”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8888","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/8888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8888"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/8888\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nHow does one go about getting the refund
\n Dated: 17-11-2017
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