Govt clears over 38 thousand crore rupees refund claims of exporters till Jun 16

The government has cleared pending GST refunds to the tune of over 38 thousand crore rupees to the exporters till 16th of this month. The Central Board of Indirect Taxes and Customs (CBIC) had conducted a refund fortnight from May 31 to June 14, which was later extended for two days to June 16. 

During the refund fortnight, the pending



refunds of Integrated GST of exporters based on shipping bill was cleared. Also those businesses making zero-rated supplies or those wanting to claim input credit, and filled up Form RFD-01A were also given refunds. The CBIC said, as on 16th of June, 6,087 crore of IGST refunds has been sanctioned in the refund fortnight.