<h1>CBIC Expedites GST Refunds with New Classification Code Requirement; Extends Application Deadline to June 30, 2020.</h1> The Central Board of Indirect Taxes and Customs (CBIC) is committed to assisting GST taxpayers during the COVID-19 pandemic. Since March 30, 2020, CBIC has processed nearly 13,000 refund applications worth Rs. 5,575 Crore. A recent measure, approved by the GST Council, aims to expedite ITC refunds and prevent processing of incorrect claims by requiring classification codes in refund applications. This decision addresses delays and compliance costs faced by taxpayers. Additionally, the deadline for refund applications due between March 20 and June 29, 2020, has been extended to June 30, 2020. The CBIC clarified that certain ITC refunds, such as those on capital goods, are not permissible.