Goods and Services Tax

Status of GST Refunds

Goods and Services Tax – GST – Dated:- 4-12-2018 – Total GST refunds to the tune of ₹ 91,149 crores have been disposed by CBIC and State authorities out of the total refund claims of ₹ 97,202 crores received so far. Thus, the disposal rate of 93.77 per cent has been achieved. The pending GST refund claims amounting to ₹ 6,053 crores are being expeditiously processed so as to provide relief to eligible claimants. Refund claims without any deficiency are being cleared expeditiously. In case of IGST refunds, about 95 % (Rs 48,455 crores) of the total IGST refund claims (Rs. 50,928 crore) transmitted to Customs from GSTN as on 28.11.2018 have already been disposed. The remaining claims amounting to ₹ 2,473 crores are he

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