Input Tax Credit Refund – Inverted Tax Structure

Input Tax Credit Refund - Inverted Tax Structure GST refund can be claimed by the taxpayer for input tax which is the central tax (CGST), state tax (SGST), integrated tax (IGST) or tax paid by a person having GST registration…

Interest on Excess Income Tax Refund

Interest on Excess Income Tax Refund – Section 234D At times it may happen that the assessee is granted an excess income tax refund. Section 234D of Income Tax Act provides for levy of interest on excess refund granted to…