Eye Share: Capping of GST Refunds - Government’s ‘Googly’ for Exporters of Goods

While Govt.’s announcement of statutory & regulatory compliance reliefs to combat the economic impact of Coronavirus, is worth an applause, recent amendment to definition of “Turnover of zero-rated supply of goods” in Rule 89(4)(C) of CGST Rules, 2017 (CGST Rules) w.r.t. entitlement to refund against export of goods “seems to be a draconian measure”.Authors Mr. Aditya Nadkarni along with Ms. Snehal Gadhave (GST profes...