New Delhi [India], Mar. 10 (ANI): Central Board of Excise and Customs (CBEC) Chairman Vanaja N Sarna on Saturday stated that technical glitches, both in the e-filing website and procedure, were causing a delay in issuing the credit refund to exporters.
Speaking to ANI, Sarna, however, clarified that the refund would be processed by March 31, owing to the introduction of special refund cells from March 15 to 29.
"I agree that there have been technical glitches on the website. Exporter refund is a problem due to lack of utility to file the same. We have seen many flaws and errors which are being rectified. However, we have also got many cases of incorrect or mismatch of information while filing returns. If, for example, an exporter enters the incorrect shipping bill number, the system will not accept the information. Such delays are also occurring, and hence we believe that the special refund cells to be set up will help exporters in identifying the issue and come forward to correct it," she said.
Furthermore, the CBEC Chief said out of the estimated Rs 9,000 crore refund to be processed, nearly Rs 5,500 has been cleared, while the recent remains pending due to errors.
Talking about the clarification on filing of returns, Sarna said the two models, one presented by Chairman of Infosys' board, Nandan Nilekani, and the other one by the tax administration were both considered, but differences arose as the former was based on processing returns as soon as the invoice was filed, rather than when tax duty was paid.
"There were differences as we felt that the refund processing should be done only when tax duties are paid, rather than when invoices are filed. This will go into further consideration, and the final model will be presented before the Goods and Services Tax (GST) council," she said.
Earlier in the day, the GST in its 26th meeting extended the existing system of filing returns for another three months, along with an extension in the tax exemption for exporters.
Furthermore, Finance Minister Arun Jaitley said the e-way bill system for interstate transportation of goods would be implemented from April 1, following which the states will be categorised into four lots for the implementation of the provision.(ANI)