Goods and Services Tax – GST – Dated:- 2-4-2018 – In line with commitment of government to liquidate all pending GST refunds, the Central Board of Indirect Taxes and Customs (CBIC) has successfully concluded refund fortnight cum special drive from 15th March, 2018 to 31stMarch, 2018. During the period, all field formations of CBIC worked hardto provide refund relief to the exporters. Special refund cells manned by experienced staff were put in place throughout the country. The exporter awareness campaigns using both print media and social media were carried out so that the benefit can be extended to maximum exporters. All field formations were tasked to go extra mile in order to facilitate the sanctioning of refunds. The Circulars, Instruc
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h ₹ 9,604 crore have been sanctioned which is about 89.6% of those eligible claims transmitted by GSTN. As regards to ITC refunds, ₹ 1,136 crore has been sanctioned during the special drive making the total figure of ITC sanctioned equal to ₹ 5,510 crore by end of this fiscal. As per the latest available data: a. 1,61,325 refund applications have been filed in FORM GST RFD-01A on the common portal, in which an amount of ₹ 17,471crore has been claimed. Of these, 60,183 refund applications are in relation to zero rated supplies, in which an amount of ₹ 14,649 crore has been claimed. Taxpayers are required to submit a copy of these RFD-01A application to the jurisdictional tax office, along with all supporting doc
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