Disbursement of GST refund by single authority
Notification No. 39/2019 Central Tax dated 31st August, 2019 has inserted sub-section 8A in section 54 of the CGST Act, 2019. As per this notification a single authority for sanctioning and processing GST refunds is in the offing as the Finance Ministry looks to speed up and simplify the process for exporters.
(8A) The Government may disburse the refund of the State tax in such manner as may be prescribed
Above shall come into force w.e.f 1st September, 2019. Notification is given below for referance.
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]
Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs
Notification No. 39/2019 Central Tax
New Delhi, the 31st August, 2019
G.S.R. .(E). In exercise of the powers conferred by sub-section (2) of section 1 of the Finance (No. 2) Act, 2019 (23 of 2019), the Central Government hereby appoints the 1st day of September, 2019, as the date on which the provisions of section 103 the said Act, shall come into force.
[F. No. 20/06/12/2018-GST]
Under Secretary to the Government of India