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11/06/2018 12:47pm

More than Rs 7,000 crore GST refunds cleared: CBIC

image More than Rs 7,000 crore GST refunds cleared: CBIC

New Delhi, June 11 (KNN) Half of the pending refunds of the exporters have been cleared in the first nine days of the ongoing Special Refund Fortnight.

“More than Rs 7,000 crore of IGST/ITC refunds sanctioned till now during the ongoing Special Refund Fortnight,” the Central Board of Indirect Taxes and Customs (CBIC) said in a tweet.

Due to various mismatches and technical glitches, about Rs 14,000 crore of refunds of exporters were stuck.

Under this Special refund clearance drive, CBIC asked exporters and traders to visit their jurisdictional GST office or Customs House/Port and settle pending claims during the Special Refund Fortnight from May 31 to June 14, 2018.

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