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of <h1>Government Launches Special Refund Fortnight to Clear Pending GST Claims; Rs. 30,000 Crore Sanctioned So Far.</h1> The government announced a Special Refund Fortnight from May 31 to June 14, 2018, to address pending GST refund claims. Over Rs. 30,000 crore in GST refunds have been sanctioned, including Rs. 16,000 crore for IGST and Rs. 14,000 crore for ITC. Despite reports of a slowdown, Rs. 8,000 crore in refunds were sanctioned in May 2018. Currently, Rs. 14,000 crore in claims are pending. The initiative aims to clear all GST refund applications submitted by April 30, 2018. The Central Board of Indirect Taxes and Customs is implementing solutions to streamline refund processes, and claimants are urged to submit necessary documentation to their jurisdictional tax offices.
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