CBEC member holds meeting with exporters on GST refunds

The Economic Times By Kirtika Suneja, ET Bureau Mar 23, 2018, 09.20 PM IST

Refunds to exporters have been delayed for over eight months now, with exporters complaining that delay in GST refunds has blocked their working capital.

NEW DELHI: At least ten export promotion councils and industry chambers on Friday discussed with the government solutions for expediting the process to clear pending dues to exporters on account of Goods and Services Tax (GST).

In a bid to expedite GST refund clearances to exporters, the Central Board of Excise and Customs (CBEC) took up issues like invoice mismatch and procedure to expedite shipments at Integrated Container Depots and asked the councils to share their issues.

“They want everyone to speak to members and know their issues,” said an industry representative who was present at the meeting.

The Centre and states have sanctioned more than Rs 10,000 crore as GST refunds to exporters.

Export promotion councils from engineering, chemical, pharmaceutical and leather sectors, among items took part in the meeting where initiatives under the ‘GST refund fortnight' were discussed.

The CBEC field formations have launched 'GST refund fortnight' beginning March 15 in which tax officers are guiding exporters with their stuck refund.

GST was rolled out from July 1, 2017 but refunds to exporters have been delayed for over eight months. While exporters complain that delay in GST refunds has blocked their working capital, the revenue department has argued that there are discrepancies in forms submitted by exporters with the customs department and those with the GST Network (GSTN).

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