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GST refunds worth Rs 91,149 crores settled, Rs 6,053 crore being processed

4 December, 2018 7:05 AM
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GST refunds worth Rs 91,149 crores settled, Rs 6,053 crore being processed

In case of IGST refunds, about 95 percent of the total claims have been disposed.

New Delhi: The Finance Ministry has said that GST refund claims worth Rs 91,149 crore has been issued so far to exporters by the Central Board of Indirect Taxes and Customs (CBIC), which are 93.77 per cent of total claims with the tax authorities.

“Total GST refunds to the tune of Rs 91,149 crores have been disposed by CBIC and State authorities out of the total refund claims of Rs 97,202 crores received so far. Thus, the disposal rate of 93.77 percent has been achieved. The pending GST refund claims amounting to Rs 6,053 crores are being expeditiously processed so as to provide relief to eligible claimants. Refund claims without any deficiency are being cleared expeditiously,” an official release said.

In case of IGST refunds, about 95 percent (Rs 48,455 crores) of the total IGST refund claims (Rs 50,928 crore) transmitted to Customs from GSTN as on 28.11.2018 have already been disposed. The remaining claims amounting to Rs. 2,473 crores are held up on account of various deficiencies which have been communicated to exporters for remedial action, government said.

In the case of RFD-01A (ITC Refunds plus other refunds) claims, out of the total refund claims of Rs 46,274 crores received in the jurisdictional tax offices, the pendency as on 03.12.2018 is Rs. 902 crores with Centre and Rs 2,678 crore with States.

Provisional/final order has been issued in case of refunds amounting to Rs. 37,406 crores. In claims amounting to Rs. 5,288 crore, deficiency memos have been issued by respective GST authorities and action will be taken after receipt of replies from the claimants.

Source: zeenews.india.com

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