AMN
Government will launch a second special drive refund fortnight from tomorrow to clear refund claims under Goods and Services Tax (GST). The drive will take place from 31st May to 14th of next month.
Finance Ministry said, this time the special drive refund will facilitate all types of Refund claims in which Customs, Central and State GST officers will strive to clear all GST refund applications received on or before 30th of April, 2018. This will include refunds of IGST paid on exports, refunds of unutilized Input Tax Credit (ITC) and all other GST refunds submitted.
The Ministry said, refunds of GST have been a concern for both the government and trade for the past several months. It said, till now, the Government has sanctioned more than 30 thousand crore rupees as GST Refund. This includes an amount of 16 thousand crore rupees of IGST and 14 thousand crore rupees of ITC. The figures of ITC include sanction by both the Central and State Governments.