GST refund claims of Rs 54,378 crore of exporters cleared, says Govt
As of July 31, 2018, the total amount of Integrated GST (IGST) refund claims disposed of by CBIC is Rs 29,829 crore, taking the disposal rate to 93 percent.
"The CBIC has successfully concluded the Third Refund Fortnight from July 16-31, 2018. Till July 31, 2018, the total GST refunds disposed of by the Centre and the States are to the tune of Rs 54,378 crore," the finance ministry said in a statement.
"The remaining GST refunds pending with CBIC will continue to be processed expeditiously. However, the exporters are requested to ensure that the correct procedure of filing returns, giving accurate information in Shipping Bill and submitting RFD01A Application Forms to the jurisdictional formations are followed for quick disbursal of their GST refund claims," the ministry added.
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