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Total ₹ 17,616 crore of Refunds issued under GST; 90% of IGST eligible claims have been approved

Goods and Services Tax - GST - Dated:- 2-4-2018 - In line with commitment of government to liquidate all pending GST refunds, the Central Board of Indirect Taxes and Customs (CBIC) has successfully concluded refund fortnight cum special drive from 15 .....

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campaigns using both print media and social media were carried out so that the benefit can be extended to maximum exporters. All field formations were tasked to go extra mile in order to facilitate the sanctioning of refunds. The Circulars, Instruct .....

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265 crore IGST refund has been sanctioned in the refund fortnight taking the total tally to ₹ 9604 crore. Total 2,73,017 Shipping Bills with the payment of IGST have been filed by the exporterstill 31st January, 2018. The number of Shipping Bil .....

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₹ 9,604 crore have been sanctioned which is about 89.6% of those eligible claims transmitted by GSTN. As regards to ITC refunds, ₹ 1,136 crore has been sanctioned during the special drive making the total figure of ITC sanctioned equal t .....

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nd applications are in relation to zero rated supplies, in which an amount of ₹ 14,649 crore has been claimed. Taxpayers are required to submit a copy of these RFD-01A application to the jurisdictional tax office, along with all supporting docu .....

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