CBEC clears some air on refunds under GST, central excise, service tax laws

In an excellent circular (no.37/11/2018- GST  dated March 15, 2018), the  Central Board of Excise and Customs  (CBEC) has clarified many issues relating to refunds under the Goods and Services Tax (GST),  central excise  and service tax laws.It says a supplier availing of drawback only with respect to basic customs duty shall be eligible for refund of unutilised  inpu…