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Tax refund to exporters under GST within seven days: Com Min

Goods and Services Tax - GST - Dated:- 6-1-2017 - New Delhi, Jan 5 (PTI) The Department of Revenue has promised to refund tax claims of exporters within seven days under the new GST regime, thus addressing a major concern of the sector, Commerce and .....

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vices Tax (GST) regime arguing that delay in refunds often takes months and also results in blocking the working capital. They also stated that exports need to be encouraged in view of the global slowdown. The minister recently raised the issues of e .....

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xporters were assured that on 90 per cent of the amount (of refund), within seven days, the refund will be made and if there is an undue delay, interest will be paid on the amount due, Sitharaman said. Elaborating on the issue, Commerce Secretary Rit .....

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e that there is minimum pain to the exporters, what the DoR has committed that 90 per cent of the refund will be made within seven days. Delays beyond that would invite interest payment, she said. She said the remaining 10 per cent will be subject to .....

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