Govt clears Rs 91,149 crore GST refunds to exporters

The refunds have been disposed by CBIC and state authorities out of the total refund claims of Rs 97,202 crores received so far, Ministry of Finance said in a press note.

The Government of India has so far cleared GST refunds to the tune of Rs 91,149 crore, Ministry of Finance said in a press note on Monday. 
 
The refunds have been disposed by CBIC and state authorities out of the total refund claims of Rs 97,202 crores received so far. 
 
"Thus, the disposal rate of 93.77 per cent has been achieved. The pending GST refund claims amounting to Rs 6,053 crore are being expeditiously processed so as to provide relief to eligible claimants. Refund claims without any deficiency are being cleared expeditiously," the ministry said.
 
In case of IGST refunds, about 95 per cent (Rs 48,455 crore) of the total IGST refund claims (Rs 50,928 crore) transmitted to Customs from GSTN as on November 28 have already been disposed, it said and added, "The remaining claims amounting to Rs 2,473 crore are held up on account of various deficiencies, which have been communicated to exporters for remedial action."
 
The note observed efforts are being made continuously to clear all the pending refund claims, where ever requisite information is provided and found eligible. 
 
"Cooperation of the exporter community is solicited to ensure that they respond to the deficiency memos and errors communicated by Centre and state GST as well as Customs authorities and also exercise due diligence while filing GSTR 1 and GSTR 3B returns as well as shipping bills."
 
In another development, Goods and Services (GST) collection in November dropped to Rs 97,637 crore, lower than Rs 1 lakh crore collected previous month.
 
The total number of GSTR 3B returns filed for October up to November 30 is 69.6 lakh, the finance ministry said in a statement. Compensation released to states for August-September stood at Rs 11,922 crore.
 
Source: PIB

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