Exporters claim 6.5K- cr in refunds `

New Delhi, Nov. 29: Exporters have claimed refunds of ` 6,500 crore in the first four months of GST roll out, the government said on Wednesday, while asking them to file claims in proper form with matching shipping bills to facilitate early settlements.

It also said that businesses can upload the final sales return for August in GSTR- 1 on GST Network ( GSTN) portal from December 4.

In a statement, the finance ministry said: “It is clarified that the quantum of IGST refund claims as filed through Shipping Bills during the period July to October, is approximately ` 6,500 crore and the quantum of refund of unutilised credit on inputs or input services, as per the RFD- 01A applications filed on GSTN portal, is to the tune of ` 30 crore.”

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

Earlier this month, it allowed businesses making zero rated supplies or those who have paid IGST on exports or those want to claim input credit to fill Form RFD- 01A.

It asked them to approach Chief Commissioner of Central Tax and the Commissioner of State Tax for refund claim.

The ministry said that of the IGST paid on goods exported, a majority of refund claims for exports made in July have been sanctioned.

“Refund claims of IGST paid for exports made in August, September and October 2017 are being sanctioned seamlessly wherever returns have been accurately filed,” it said.