NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) has prolonged the refund fortnight for speedy monitor clearance of pending dues to exporters by two days till June 16.
The central and state tax officials have already cleared refunds price over Rs 7,500 crore since May 31, when the particular power to transparent exporters refund was launched.
"In view of overwhelming response from exporters and pending claims, the period of refund fortnight is being extended by two more days i.e up to June 16, 2018," a finance ministry statement stated.
With about Rs 14,000 crore of exporters refunds caught because of various mismatches, the CBIC had organised the second one phase of the particular fortnight to fast monitor clearances.
During the primary phase, between March 15 and 29, an quantity of Rs five,350 crore was sanctioned.
The ministry further stated, in case of short payment of built-in GST (IGST), small exporters whose combination IGST refund quantity for the length July 2017 to March 2018 is as much as Rs 10 lakhs are required to submit self-certified copies of proof of payment of IGST to the concerned customs office on the port of export.
Others are required to submit a certificate from a Chartered Accountant together with the proof of payment.
All GST refund claimants, whose claims are nonetheless pending, are being inspired to way their jurisdictional tax authority for disposal in their refund claims submitted on or prior to April 30, the statement stated.
"In case of any problem, exporters are advised to approach the Commissioner of Customs /Jurisdictional Tax Authorities. The government is committed to clear all the remaining refund claims filed up to 30.04.2018 are still pending," it added. JD ANS ANS
The central and state tax officials have already cleared refunds price over Rs 7,500 crore since May 31, when the particular power to transparent exporters refund was launched.
"In view of overwhelming response from exporters and pending claims, the period of refund fortnight is being extended by two more days i.e up to June 16, 2018," a finance ministry statement stated.
With about Rs 14,000 crore of exporters refunds caught because of various mismatches, the CBIC had organised the second one phase of the particular fortnight to fast monitor clearances.
During the primary phase, between March 15 and 29, an quantity of Rs five,350 crore was sanctioned.
The ministry further stated, in case of short payment of built-in GST (IGST), small exporters whose combination IGST refund quantity for the length July 2017 to March 2018 is as much as Rs 10 lakhs are required to submit self-certified copies of proof of payment of IGST to the concerned customs office on the port of export.
Others are required to submit a certificate from a Chartered Accountant together with the proof of payment.
All GST refund claimants, whose claims are nonetheless pending, are being inspired to way their jurisdictional tax authority for disposal in their refund claims submitted on or prior to April 30, the statement stated.
"In case of any problem, exporters are advised to approach the Commissioner of Customs /Jurisdictional Tax Authorities. The government is committed to clear all the remaining refund claims filed up to 30.04.2018 are still pending," it added. JD ANS ANS
GST refund drive extended till June 16
![GST refund drive extended till June 16]()
Reviewed by Kailash
on
June 13, 2018
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