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Central govt extends pending GST refunds

It said that refunds worth over Rs. 7,500 crore were already sanctioned as a part of this drive till now compared to Rs. 5,350 crore sanctioned in the earlier drive which lasted from March 15 to 29

The central government on Tuesday extended the drive to process pending GST (Goods and Services Tax) refunds by two more days till June 16.

The drive has been ongoing for past fortnight.

It said that refunds worth over Rs. 7,500 crore were already sanctioned as a part of this drive till now compared to Rs. 5,350 crore sanctioned in the earlier drive which lasted from March 15 to 29.

The government statement said that, in view of overwhelming response from exporters and pending claims, the period of refund fortnight is being extended by two more days, that is up to June 16.

It need be recalled that the government had only last month announced the fortnight-long drive from May 31 to June 14.

However, it was in March that a similar exercise had been launched to process the pending GST refunds on account of exports.

But this time, the drive is to facilitate all types of refund claims received till April 30.

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