Total 54,378 crore of Refunds processed by the Centre and the States till 31st July, 2018 under GST during the Third Refund Fortnight
GST
Dated:- 2-8-2018
As part of the continued focus of the Government of India to liquidate pending GST refunds, the Central Board of Indirect Taxes and Customs (CBIC) has successfully concluded the Third Refund Fortnight from 16th July, 2018 to 31st July, 2018. Till 31st July, 2018, the total GST refunds disposed by the Centre and the States are to the tune of ₹ 54,378 Crore.
During this Refund Fortnight, apart from various measures like Special Refund Cells at CBIC offices, Exporter Awareness Campaigns etc., a unique facility was provided by CBIC. It was for the First Time that officer
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GST refund claims disposed by CBIC is ₹ 29,829 crore taking the disposal rate to 93%. During the third Refund Fortnight, the IGST refunds of amount ₹ 3,391 crore have been sanctioned by CBIC.
As on 31st July, 2018, in case of RFD-01A refunds, the amount disposed by the CBIC is ₹ 16,074 crore and that by State authorities is ₹ 8475 crore, taking total amount of RFD-01A refunds to ₹ 24,549 crore.
The remaining GST refunds pending with CBIC will continue to be processed expeditiously. However, the exporters are requested to ensure that the correct procedure of filing returns, giving accurate information in Shipping Bill and submitting RFD01A Application Forms to the jurisdictional formations are followed for qui
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