NEW DELHI: The GST Council on Monday took step one in the direction of offering tax refund to overseas vacationers who buy items in India to take it again house, a facility out there in a number of nations.
The proposal to introduce B2C e-invoicing, presently on a voluntary foundation, will assist in the method, income secretary Sanjay Malhotra informed reporters. “International vacationers after they purchase items and take it again with them, it is an export of these items.With this, customs authorities on the airport will be capable of confirm that the products had been purchased right here and shall be eligible for a refund. It is going to additionally assist in lowering tax evasion.”
The primary goal is, nevertheless, meant to assist customers confirm the invoices, a transfer geared toward ushering in transparency and checking evasion.
GST authorities will arrange a portal or e-invoice era, which as soon as verified will allow its entry into GST returns. “Aside from empowering the shopper, it is going to additionally assist us in offering refunds,” Malhotra mentioned. TNN
The proposal to introduce B2C e-invoicing, presently on a voluntary foundation, will assist in the method, income secretary Sanjay Malhotra informed reporters. “International vacationers after they purchase items and take it again with them, it is an export of these items.With this, customs authorities on the airport will be capable of confirm that the products had been purchased right here and shall be eligible for a refund. It is going to additionally assist in lowering tax evasion.”
The primary goal is, nevertheless, meant to assist customers confirm the invoices, a transfer geared toward ushering in transparency and checking evasion.
GST authorities will arrange a portal or e-invoice era, which as soon as verified will allow its entry into GST returns. “Aside from empowering the shopper, it is going to additionally assist us in offering refunds,” Malhotra mentioned. TNN
