Tax Refunds

Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutiny

Since the GST Network (GSTN) systems are integrated with Customs, hence, refunds are generally transferred to the bank accounts of such exporters within a fortnight.

Govt must make efforts to implement e-wallet scheme for exporters by October, says Parliamentary Panel

Under the e-wallet mechanism, a notional credit would be transferred to exporters' accounts based on their past record and the credit can be used to pay taxes on inputs.

Reviving growth: It’s time for Narendra Modi govt to spend; fiscal deficit is not a holy cow

With some inspired but careful tax breaks and spending measures before and during the next budget, the government may yet salvage its reputation just in time for elections due in 2019

Bosch dismisses Indian employee's class action suit over forceful tax refunds

In a class action lawsuit filed in a federal court in Los Angeles, Kamath charged that Bosch unjustly enriched itself by requiring all of its non-US citizens employees to pay to Bosch federal and state tax refunds they had received while working in the US.

Indian techie files lawsuit against Bosch for forceful tax refund transfer

An Indian techie has filed a lawsuit against German multinational Bosch for allegedly compelling Indian employees in the US to transfer their tax refunds to the company.

FM asks for better information system to improve tax collection

Finance Minister P Chidambaram on Wednesday made a case for improving tax information system to augment revenue collection while committing to establishing a stable tax regime .