India: Expedited refund process, exports of output services

India: Refund process, exports of output services

Exporters of services are entitled to claim a refund of the unused CENVAT (central value added tax) credit of service tax / duties paid with respect to the procurement of goods and services that are used for the export of “output services.”

Related content

India’s Central Board of Excise and Customs (CBEC) issued guidance (Circular No.187/6/2015-Service Tax (10 November 2015)) setting forth a process for the expedited resolution and disbursal of pending claims for refunds to exporters of services. The expedited process applies to exporters of “output services” who filed refund claims on or before 31 March 2015, but that have not yet been disposed of by the authorities. 

 

Read a November 2015 report [PDF 295 KB] prepared by the KPMG member firm in India: Facility of an upfront provisional refund to exporters of services introduced

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.