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03
December 2018
 |
GST (The
Total Investment & Insurance Solutions)
The finance ministry Monday said Rs 91,149
crore has been issued so far to exporters as GST refunds, which are 93.77 per
cent of total claims with the tax authorities. In a statement, the ministry
said Rs 6,053 crore worth GST refund is still pending with the government and
that is being "expeditiously processed".
"Total GST refunds to the tune of Rs
91,149 crore have been disposed by CBIC and state authorities out of the total
refund claims of Rs 97,202 crore received so far. Thus, the disposal rate of
93.77 per cent has been achieved," the ministry said.
Giving break-up for the refund figures, the
ministry said that Rs 48,455 crore of IGST refunds have been disposed of as on
November 28, which is 95 per cent of the total such claims.
As much as Rs 2,473 crore worth of IGST
refund claims are held up on account of "various deficiencies" which
have been communicated to exporters for remedial action. With regard to refund
of input tax credit claims, the ministry said of the total claims of Rs 46,274
crore, the pendency as on December 3 stood at Rs 3,580 crore.
"Provisional/final order has been issued
in case of (ITC) refunds amounting to Rs 37,406 crore. In claims amounting to
Rs 5,288 crore, deficiency memos have been issued by respective GST
authorities," the statement said. The ministry said pending GST refund
claims amounting to Rs 6,053 crore are being expeditiously processed so as to
provide relief to eligible claimants
"Refund claims without any deficiency
are being cleared expeditiously," it added. Efforts are being made
continuously to clear all the pending refund claims, where ever requisite
information is provided and found eligible, it said. "Co-operation of the
exporter community is solicited to ensure that they respond to the deficiency
memos and errors communicated by Centre and State GST as well as Customs
Authorities and also 12/3/2018 Government clears Rs 91,149 crore GST refunds to
exporters so far; Rs 6,053 crore still pending exercise due diligence while
filing GSTR 1 and GSTR 3B returns as well as Shipping Bills," the
statement added.The Total Investment
& Insurance Solutions
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