By TIOL News Service

NEW DELHI, OCT 13, 2018: REACTING to concocted figures being printed in the print media the Govt has clarified that about 92.68% (Rs 38,824 crore) of the total IGST refund claims (Rs. 41,889 crore) transmitted to Customs from GSTN as on date have already been disposed. The remaining claims amounting to Rs 3065 crores are held up on account of various deficiencies which have been communicated to exporters for remedial action.

In the case of RFD-01A (ITC Refund) claims with Centre and States, the pendency as on date is only Rs 2,077 Crore. Out of the refund claims of Rs 39,372 Crore received, provisional/final order has been issued in case of refunds amounting to Rs 32,345 Crore. In claims amounting to Rs. 4,951 Crore, deficiency memos have been issued. Thus, actual pendency is far less than is being put out for the knowledge of the public. The overall disposal of GST refunds is Rs 71,169 Crore till date. Refund claims without any deficiency are being cleared expeditiously.

Efforts are being made continuously to clear all the dues on account of pending refund claims. Co-operation of the exporter community is solicited to ensure that they exercise due diligence while filing GSTR 1 and GSTR 3B returns as well as Shipping Bills.