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<h1>CBIC Announces Third GST Refund Fortnight to Expedite Pending Refunds and Support Exporters from July 16-30, 2018.</h1> The Central Board of Indirect Taxes and Customs (CBIC) is launching a third refund fortnight from July 16 to July 30, 2018, to address pending Goods and Services Tax (GST) refunds. Previous refund fortnights in March and June 2018 cleared significant amounts, with Rs. 4,265 Crore and Rs. 6,087 Crore in Integrated GST (IGST) refunds, respectively. Over 90% of IGST refund claims for exported goods have been processed. The initiative aims to further reduce backlog and assist exporters in filing accurate claims. Dedicated refund cells and help-desks will be available, and exporters are encouraged to utilize this opportunity.
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