CBEC : Explains IGST refund against 'zero-rated supplies'; 90% provisional refund available within 7 days

CBEC explains refund of Integrated Tax on account of ‘zero rated supplies’ under GST, states that there is no burden of tax either on input or on output side in case of zero rating vis-à-vis exempted supplies where only output is exempt but tax is suffered on input side; States that in case of export of goods, once the shipping bill, export general manifest (EGM) and valid return are filed, the refund application shall be considered to have been filed and refund shall be...