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GST refunds News

26 Sep 2021

GST new rule: Aadhaar authentication now mandatory for GST refunds

CBIC has introduced several anti-evasion measures. GST refunds will now be disbursed in PAN-linked bank accounts of filers. CBIC will amend Rule 59(6) of the Central GST Rules with effect from January 1, 2022.

25 May 2020

GST refunds of Rs 11,052 crore cleared; 29,230 claims disposed of

The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.

20 Jun 2018

Government clears pending GST refunds to tune of Rs 38,062 crore till June 16

CBIC had conducted a refund fortnight from May 31 to June 14, which was later extended by 2 days to June 16.

30 May 2018

Exporters' GST refund: FinMin says only Rs 14,000 crore pending

So far, the government has sanctioned more than Rs 30,000 crore as GST Refund.

16 Nov 2017

Exporters can now file GST refund claim manually: CBEC

In October, the CBEC had started refunds for merchandise exporters who had paid IGST and claimed refund based on shipping bill by submitting Table 6A.

13 Oct 2017

Exporters to get GST refund in bank a/c filed with customs

For claiming the refunds, exporters have to fill Table 6A while filing GSTR-1 for July, August and September.

GST taxes refund

22 Sep 2017

Looking at ways to ensure timely refund of taxes: Finance Ministry

For July, where GSTR 1 form has been already filed by businesses, it said the authorities would be in a position to process the refund applications.

12 Sep 2017

'Exporters in serious fiscal crisis due to GST refunds delay'

Many exporters were on the verge of closure due to draining of working capital, since blockage of funds on account of GST was exorbitant, he said in a press release.

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