Over Rs 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 Rs 7,000 crore of IGST/ ITC

In a major relief to the exporters, the Central Board of Indirect Taxes and Customs ( CBIC ) has sanctioned Rs. 12,639 crore as IGST refund during the refund fortnight ended in 31st March 2018.

Around Rs 22,000 crore GST refund is yet to be released by the Government. This creating liquidity problem for exporters and impacting overseas shipments, Federation of Indian Export Organisations (FIEO) President Ganesh Gupta said. The

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

Refunds of GST have been a concern for the Government and Trade for the past several months.  In this regard, the CBIC has observed two special drives cum refund fortnights in the Month of March

The Government has launched the second “Special Drive Refund Fortnight ”from 31.5.2018 to 14.6.2018. During the first Refund Fortnight from 15th to 29th March an amount of Rs.5350 crore was sanctioned and during this fortnight over Rs

In order to facilitate the sanction of refunds, the Central Board of Excise and Customs (CBEC) has decided to extend the “Refund Fortnight” and keep open all the Customs field formations on 29.03.2018, 30.03.2018 and 31.03.2018

In a major relief to exporters and other taxpayers, the Central Board of Excise and Customs (CBEC) is going to observe GST refund fortnight across all its field formations from 15th - 2B`h March, 2018

In a major relief to taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) is going to organize a Special Refund Fortnight from 31st May 2018 to 14th June 2018 in which Center and

In line with the commitment of the Government to liquidate all pending GST refunds, the Central Board of Indirect Taxes and Customs ( CBIC ) has successfully concluded refund fortnight cum special drive from 15th March

The Central Board of Indirect Taxes and Customs (CBIC) is introducing PAN - based refund clearance for the exporters if such refunds are held up due to mismatch in GSTIN mentioned in shipping bill and

The second anniversary of Good & Services Tax ( GST ) will be celebrated tomorrow with Hon’ble Union Minister of State of Finance and Corporate Affairs Shri Anurag Thakur presiding over the event. Shri Subhash C. Garg,

The Ministry of Finance, today said that the unverified estimates of pending GST export refund published in the print media or put forward by various trade bodies are highly speculative and mostly inaccurate. “It is

The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ordered fresh adjudication and observed that Rule 8(3A) of the Central Excise Rules 2002 is ultravires. The appellant, Baroda Rayon Corporation Limited,

The Income Tax Department observed a dedicated fortnight from 1st to 15th June, 2018 to expeditiously clear pending matters of appeal effect and rectification. More than 20,000 such matters were disposed of and refunds were issued to