An exporter who has not been able to realize the outstanding export dues despite best efforts, may either self-write-off or approach the AD, who had handled the relevant shipping documents, with appropriate supporting documentary evidence. The limits prescribed for write-offs of unrealized export bills are as under: Self-write-off by an exporter ( Other than Status Holder Exporter ) 5%* * of the total export proceeds realized during the previous calendar year . Self-write -off by Status Holder Exporters 10%* Write-off by AD (Authorized Dealer) 10%* 1. CONDITION FOR WRITE OFF BY AUTHORISED DEALER: 2. The relevant amount has remained outstanding for more than one year . 3. Exporter made all efforts to realize the dues and satisfactory documentary evidence is to be furnished in support and the case falls under any of the undernoted categories : The overseas buyer has been declared insolvent and...
In the 38th Meeting of the GST Council held on 18.12.2019, the GST council recommended the following: 1. Grievance Redressal Committees (GRC) will be constituted at Zonal /state level with both CGST and SGST officiers and including representatives of trade and industry and other GST stakeholders ( GST practioners and GSTN etc.). these committees will address grievances of soecific /general nature of taxpayers at Zonal/state level. 2. Due date for annual return in FORM GSTR-9 and reconcillation statement in FORM GSTR-9C for F.Y 2017-18 to be extended to 31.01.2020 3. Following measures would be taken to improve filing of FORM GSTR-1 (i) waiver of late fees to be given to all taxpayers in respect of all pending FORM GSTR-1 from July 2017 to November 2019 if the same are filed by 10.01.2020 (ii) E Way Bill for taxpayers who have not filed their FORM GSTR-1 for two tax periods shall be blocked. 4. Input tax credit to the recipient in respect of invoices or debit notes that ...