GST refunds: Exporters file over 10,000 applications

The government, last month, began refunds of goods for exporters, who have paid Integrated GST and have also claimed refund based on shipping bill.

The GST Network has asked exporters to see that the claims do not exceed the GST paid in a month. 
 
The comments came after exporters filed 10,000 applications for refunds till November.
 
"As on November 30, 5,677 applications have already been filed by exporters using RFD-01 and 4,386 applications have been filed by them using Table-6 A of GSTR-1," said a statement by the GST Network.
 
The government, last month, began refunds of goods for exporters, who have paid Integrated GST and have also claimed refund based on shipping bill.
 
The finance ministry, in its official last week, said that the quantum of IGST refund claims during the period July to October is about Rs 6,500 crore and the input credit claim is to the tune of Rs 30 crore.
 
The CBEC has asked exporters to file claims in proper form with matching shipping bills.
 
Source: MoneyControl

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