GST - RFD-01A refund of Rs 17K Cr paid till June 16: Chaudhary
By TIOL News Service
NEW DELHI, JULY 19, 2018: WHILE replying to a question in the Rajya Sabha yesterday, the MoS for Commerce, Mr C R Chaudhary, said that RFD-01A refund of GST, totalling about Rs 17000 Crore, has been sanctioned by the Union of India as well as State Governments as on June 16, 2018.
He also highlighted that most of the claims filed till 30.04.2018 have been sanctioned. IGST refunds amounting to Rs. 21,142 crore have been sanctioned.
The Minister also noted that Government has also taken other measures to expedite the refund of GST to exporters which include certain common errors hindering disbursal of Integrated Goods and Services Tax (IGST) refund and solutions thereof, p ermitting manual intervention for corrections in figures by customs officers. Moving a step ahead for the ease of exporters, in case of refund of IGST where there is a mis-match of invoice details as filed in the Shipping Bill and GST Returns cases, an alternate mechanism with officer's interface has been developed and circulated.
In order to ensure smooth operation of the prescribed procedure and clearing the backlog of refund of IGST paid on export of goods, Central Board of Indirect Taxes and Customs (CBIC) has directed Custom Houses to open a dedicated cell and e-mail address for the purpose of facilitating the pending IGST refund cases and Custom Houses have been directed to give wide publicity to this step. Over a period of time various pro-active measures have been taken in consultation with GSTN, IT wing of customs and field formations, as a result of which most of the errors have been rectified and IGST refunds have been sanctioned.
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