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‘₹7,000-cr. GST refunds cleared’

9 June, 2018 2:46 PM
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More than ₹7,000 crore or half of the pending GST refunds of exporters has been cleared in the first nine days of the ongoing Special Refund Fortnight.

“More than ₹7,000 crore of IGST/ ITC refunds sanctioned till now during the ongoing Special Refund Fortnight,” the Central Board of Indirect Taxes and Customs (CBIC) said in a tweet.

CBIC asked exporters and traders to visit their jurisdictional GST office or Customs House/Port and settle pending claims during the Special Refund Fortnight from May 31 to June 14, 2018.

About ₹14,000 crore of refunds of exporters were stuck due to various mismatches.

Also read: FinMin refutes FIEO's claims, says Rs 71,169 cr GST refunds cleared till date

Source: thehindu.com

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