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Paid by Mistake? Here's Why Time Limits May Not Block Your Refund
Imagine this: A taxpayer, either suo-moto or subsequently, deposits a hefty sum with the tax department. Time passes, the case fizzles out, and two years later, they realize the amount was never actually payable. They rush to claim a refund—only to be told, "Sorry, you’re too late! The two-year window under Section 54(1) has closed". ut is that really the end of the road? Judicial precedents say otherwise........................ Read More
Master the GST Refund Process: Secure What’s Rightfully Yours
Running a business comes with its fair share of challenges, and managing taxes is undoubtedly one of them. Imagine this: you’ve paid excess GST, and that money could be working for your business, yet it’s stuck in the system. The good news? GST refunds are designed to give you relief, ensuring your funds flow back to where they belong-your pocket. Navigating the refund process may seem daunting at first, but with the right guidance..................... Read More