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NEWS
1,377 'risky exporters' who claimed Rs 1,875 cr GST refunds not traceable in principal place of biz
Sat, Jul 18, 2020     Source : Economic Times
Over 1,300 exporters who had claimed GST tax refunds of Rs 1,875 crore were untraceable at their principal place of business in a massive verification exercise the government initiated after identifying 7,...
NEWS
Govt may propose GST refunds on capital goods purchases to exporters
Thu, Jan 16, 2020     Source : Business Standard
Currently, under the LUT route, they need not pay tax on their export bills, but they stand to lose refunds on taxes paid on capital goods. Taxes on all other inputs get refunded
NEWS
Revenue Dept lens on GST refunds from 2017 as data analytics reveals 931 fraud cases
Tue, Jan 14, 2020     Source : Business Line
With GST evasion on the rise, the Revenue Department has turned to data analytics and unearthed 931 cases of fraudulent refund claims.
NEWS
IGST refunds worth Rs 1.12 trillion paid to exporters, Rs 3,604 cr pending
Tue, Dec 31, 2019     Source : Business Standard
In addition, adverse verification reports have been received in the case of 399 exporters, which also include 4 'star exporters'
NEWS
Thanks to the new online system, GST refunds will be seamless, pick up speed: GSTN chief
Fri, Sep 27, 2019     Source : Business Line
Disbursement of refunds to get faster, says GSTN chief
NEWS
Single authority mechanism for processing GST refunds to exporters soon
Fri, Sep 06, 2019     Source : Business Standard
Move will help sanction and process refunds faster; may boost exports
NEWS
MSMEs to get pending GST refunds within 30 days: Nirmala Sitharaman
Sat, Aug 24, 2019     Source : Business Standard
Banks will also have to return all documents within 15 days of a loan closure, helping borrowers whose mortgaged assets are tied up
NEWS
Pay up interest for delay in paying GST refunds: Gujarat High Court
Mon, Aug 05, 2019     Source : Business Standard
Saraf Natural Stone, a partnership firm, had filed a claim of GST refund. However, there was substantial delay by the authorities in granting of refund
NEWS
PMO steps in to allay exporters' concerns on stuck GST refunds
Sat, Nov 17, 2018     Source : Business Standard
Input tax credit refunds amounting to Rs 53 bn were stuck till the first week of November
NEWS
PMO steps in to speed up GST refunds for exporters
Fri, Mar 09, 2018     Source : Business Standard
The GST Council on Saturday is expected to extend the date for IGST exemption and cess on imports
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