The government has exempted three crucial steel items used in construction and packaging sectors from the list of mandatory quality control order, a move that could increase the supply of low quality metal. Among the items exempted from compulsory certification by the Bureau of Indian Standards (BIS) are TMT bars, structural steel and tin plates, a government official said. These steel products are used not only for construction purposes but also by food companies for ready-to-eat products, canned juices and soft drinks.
Refund is an integral part of Goods and Service Tax law since it is the government reimbursement of taxes to a taxpayer. Thus, the taxpayer as well as the refund authorities have to be fully ac More
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