GST and JOHNNY- UPDATE No.64

This Papa:  In order to limit the exporters from claiming the refund on the basis of ineligible documents or fraudulently, customs department has marked few exporters as “risky exporters”. Whereby based on the based on a certain criteria as well as artifical intelligence, the system identify the … [Read more...]

GST and JOHNNY- UPDATE No.40

This papa: - In erstwhile Excise regime, export under bond or LUT, there was requirement to maintain the balances. The amount is debited as soon as export goods are cleared from factory and afterwards credit is granted as and when the proof of export is submitted in Annexure 19. A proper account was … [Read more...]