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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 Industry Minister Nirmala Sitharaman said today. The minister also said that exporters would get interest on the refund if it is delayed beyond two weeks. Exporters have been demanding ab-initio exemption from payment of taxes under the Goods and Ser .....

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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 Rita Teaotia said the Department of Commerce has been taking up this matter with the Department of Revenue (DoR). GST clearly provides that the taxes must be paid and that the refund will be provided. So since the regime is so structured, in order to se .....

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