Businesses in Punjab can look forward to a swift resolution of pending GST and VAT refund claims. The Punjab Excise and Taxation Commissioner has pledged to clear all outstanding cases up to September in the coming days. This assurance has led to the withdrawal of a statewide protest planned for December 12. The department has already disbursed significant amounts in refunds this fiscal year and plans to release more shortly, with only complex cases awaiting verification.
The Punjab Excise and Taxation Commissioner (ETC), Jitendra Jorwal, has assured the Punjab Tax Bar Association (PTBA) that all pending GST and VAT refund cases up to September will be cleared in the coming days. Following this assurance, the PTBA and associated trade bodies have withdrawn their statewide protest call scheduled for December 12.
Jorwal said the department has already released GST refunds worthRs 680 crore so far this fiscal. Of this, Rs 120 crore was cleared in December alone, an
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FAQ :
The Punjab Excise and Taxation Commissioner has assured that all pending GST and VAT refund cases up to September will be cleared in the coming days.
Yes, the Punjab Tax Bar Association and associated trade bodies have withdrawn their statewide protest call scheduled for December 12 following the Commissioner's assurance.
The department has already released GST refunds worth Rs 680 crore so far this fiscal year, with Rs 120 crore cleared in December alone.
Only cases requiring further scrutiny are being held, and the backlog will be cleared as soon as the documents are verified.
A high-level meeting was held to discuss the long-pending refund issues that were impacting businesses across the state.