Government sanctions ~127 billion of G ST refund claims

The government has sanctioned GST refunds worth ~ 127 billion or 80 per cent of the eligible claims of exporters, an official said Sunday.

The Central Board of Excise and Customs (CBEC) had organised refund facilitation camps in field offices between March 15-31 to assist exporters in filling up refund claim forms and correct errors. “IGST refund claims worth ~86 billion till January 31 were lying with the CBEC. Of this, ~77 billion worth claims have been sanctioned so far,” a senior official told With regard to those exporters who claimed refund of their input tax, the CBEC has sanctioned about ~ 50 billion,out of ~ 69 billion due till February end, the official added.

“The CBEC has sanctioned ~ 127 billion IGST and ~50 billion Input tax credit (ITC) refunds. Together, this accounts for 80 per cent of the eligible claims lying with CBEC,” the official added. About

~28 billion worth eligible refunds are pending which will also be cleared soon, he said. Besides, states have issued refunds to the tune of ~ 25 billion to exporters who paid State GST (SGST), the official said.

The CBEC had late last year started refunds for exporters of goods who paid Integrated GST (IGST) and have claimed refund based on shipping bill by filling up Table 6A.

While for those businesses making zero rated supplies or those wanting to claim input credit, have to fill Form RFD01A.

Ever since the roll out of GST, exporters have been complaining that delay in GST refunds has blocked their working capital.

The revenue department, on the other hand, has argued that there are discrepancies in forms submitted by exporters with the customs department and those with the GST Network (GSTN).

Last month, the Prime Minister's Office stepped in and held meeting with finance and commerce ministry officials to discuss ways to fast track clearance.

While for those businesses making zero rated supplies or those wanting to claim input credit, have to fill Form RFD-01A