Total 17,616 crore of Refunds issued under GST; 90% of IGST eligible claims have been approved

Total 17,616 crore of Refunds issued under GST; 90% of IGST eligible claims have been approved https://www.taxtmi.com/news?id=19854 The CBIC conducted a special refund drive combining GSTN-transmitted IGST claim processing with manual adjudication of RFD-01A ITC refund applications, resulting in substantial sanctioning of IGST claims and a high approval rate. The mechanism relied on special refund cells, exporter outreach, and issuance of clarificatory circulars; portal-filed RFD-01A applications required submission of copies to jurisdictional tax offices for disposal. Concurrent duty drawback and RoSL disbursements supplemented exporter liquidity, while outstanding technical and procedural issues remain for resolution with GSTN. en-us Mon, 02 Apr 2018 18:06:20 +0530 Mon, 02 Apr 2018 18:06:20 +0530 TaxTMI RSS Generator Total 17,616 crore of Refunds issued under GST; 90% of IGST eligible claims have been approved https://www.taxtmi.com/news?id=19854 The CBIC conducted a special refund drive combining GSTN-transmitted IGST claim processing with manual adjudication of RFD-01A ITC refund applications, resulting in substantial sanctioning of IGST claims and a high approval rate. The mechanism relied on special refund cells, exporter outreach, and issuance of clarificatory circulars; portal-filed RFD-01A applications required submission of copies to jurisdictional tax offices for disposal. Concurrent duty drawback and RoSL disbursements supplemented exporter liquidity, while outstanding technical and procedural issues remain for resolution with GSTN. News - Mon, 02 Apr 2018 18:06:20 +0530 https://www.taxtmi.com/news?id=19854