IGST refund of over Rs.1.12 lakh crores paid to exporters says CBIC

Last updated: 31 December 2019

In respect of the IGST refund provided to the exporters, the Central Board of Indirect Taxes and Customs gave the following information: Exporters have already been paid IGST refund of over Rs.1.12 lakh Crores and over 83,500 exporters have been benefited by these refunds. This shows that the governments efforts to fast track refunds under GST especially to exporters are yielding results. Refunds of only Rs. 3,604 Crores are pending with Customs and out of about 185,000 exporters, a total of
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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