Goods and Services Tax – GST – Dated:- 21-6-2018 – In line with the commitment of Government to liquidate all pending GST refunds filed till 30th April, 2018, the Central Board of Indirect Taxes and Customs (CBIC) has successfully concluded the 2nd Special Refund Fortnight extended from 31st May, 2018 to 16th June, 2018. By the end of 16th June, 2018, ₹ 6,087 crore IGST refund has been sanctioned in the refund fortnight. The interesting facts during the second fortnight are (i) about 1,68,191 shipping bills have been processed (ii) IGST refund claims of about 9,293 exporters have been sanctioned including about 3500 new exporters, whose refunds had been held up, have got their refund sanctioned. During the period, all field formation
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an amount of ₹ 1,548 crores was sanctioned by the Centre and ₹ 2,290 crores by the States. This takes the amount of RFD-01A refund claims disposed, as on 16.06.2018, by the Centre to ₹ 10,824 crores and by the States to ₹ 7,287 crores. Thus, the total amount of RFD-01A claims disposed off stands at ₹ 18,111 crores. In all, ₹ 21,142 crore (IGST refunds), ₹ 9,923 crore (RFD-01A refund by CBIC) and ₹ 6,997 crore (RFD-01A refund by States) all totaling ₹ 38,062 crore has been sanctioned till 16th June, 2018. Considering the amount of rejected claims, the total IGST disposed is ₹ 23,437 Crore, RFD-01A (by CBIC) is ₹ 10,824 crore, RFD-01A (by States) is ₹ 7, 287 crore and to
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