India: GST refund drive extended till 16 Jun 18

  • The Central Board of Indirect Taxes and Customs (CBIC) has extended the refund fortnight for fast track clearance of pending dues to exporters by two days till 16 Jun 18.
  • The central and state tax officials have already cleared refunds worth over INR75bn since 31 May 18, when the special drive to clear exporters refund was launched.
  • With about INR140bn of exporters refunds stuck due to various mismatches, the CBIC had organised the second phase of the special fortnight to fast track clearances. During the first phase, between 15 – 29 Mar 18, an amount of INR53.5bn was sanctioned.
  • All GST refund claimants, whose claims are still pending, are being encouraged to approach their jurisdictional tax authority for disposal of their refund claims submitted on or before 30 Apr 18, the statement said.

External Link: https://economictimes.indiatimes.com/news/economy/policy/gst-refund-drive-extended-till-june-16/articleshow/64561429.cms

12-Jun-2018


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