10,000 Applications filed for GST Refunds by Exporters

Last month the Central Board of Excise and Customs (CBEC) started Goods and Services Tax (GST) refunds for exporters who have paid Integrated GST (IGST) and have claimed refund based on shipping bill by filling up Table 6A.

Earlier this month, it allowed businesses making zero-rated supplies or those who have paid IGST on exports or those want to claim input credit to fill Form RFD-01A.

The Finance Ministry had last week said that exporters had claimed refunds of Rs 6,500 crore in the first four months of the GST rollout, and had advised them to file claims in proper form with matching shipping bills to facilitate early settlements.

Source: Moneycontrol

Leave a Reply

Your email address will not be published. Required fields are marked *