Tax dept clears over Rs 7,000 crore GST refunds of exporters in first 9 days

Updated:7 months, 1 week ago IST

New Delhi, Jun 11 (ANI): The Goods and Services Tax (GST) refunds of exporters worth over Rs 7,000 crore have been cleared by the Central Board of Indirect Taxes and Customs (CBIC) during the first phase of the special refund drive that was undertaken by authorities. The Tax Department has additionally asked the traders to settle the pending claims by visiting their jurisdictional GST office or Custom House during the Special Refund Fortnight from May 31, 2018 to June 14, 2018. Interim Finance Minister, Piyush Goyal tweeted, “The government is running 'Special Operations refunds Fortnight ' for GST refunds from May 31 to June 14. In the first nine days, refunds of over Rs. 7,000 crores have been made. All those entitled to refunds can get first-hand updates by registering on the website.” Delhi customs zone has successfully scrolled out IGST refunds amounting to Rs 290 crore over 12,000 shipping bills in the last eight days. Measures were taken by government to ease backlog of refunds and provide assistance to exporters and traders.

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