More than ₹7,000 crore or half of the pending GST refunds of exporters has been cleared in the first nine days of the ongoing Special Refund Fortnight.
“More than ₹7,000 crore of IGST/ ITC refunds sanctioned till now during the ongoing Special Refund Fortnight,” the Central Board of Indirect Taxes and Customs (CBIC) said in a tweet.
CBIC asked exporters and traders to visit their jurisdictional GST office or Customs House/Port and settle pending claims during the Special Refund Fortnight from May 31 to June 14, 2018.
About ₹14,000 crore of refunds of exporters were stuck due to various mismatches.
