Action against risky exporters who attempted to claim Rs 2,020 cr IGST refunds: FinMin officialsThe number of untraceable risky exporters has gone up to 1474 as on date, which includes 7-star exporters, the officials said, adding that ...
26 Jul, 2020, 09.06 PM IST
1,377 'risky exporters' who claimed Rs 1,875 cr GST refunds not traceable in principal place of bizAs on date, 7,516 exporters are in the 'risky exporter' list. Out of them, for 2,830 exporters' IGST refund /drawback worth Rs 1,363 crore ...
17 Jul, 2020, 07.51 PM IST
CBIC finds 1,377 exporters as untraceable; detects Rs 1,875 crore fraud claims by these exportersOfficial sources said that 7516 exporters were on the risky exporter list as on date, of which IGST refund or drawback of 2830 exporters wo...
17 Jul, 2020, 11.43 AM IST
Rs 1.12 lakh crore paid as IGST refunds to exporters: GovtThe board said that out of about 1.85 lakh exporters, a total of 6,421 exporters (about 3.4% only) including some ‘star exporters’ have bee...
30 Dec, 2019, 07.29 PM IST
Two traders arrested for Rs 50 crore IGST refund fraudAn official explained that non-existent suppliers issued invoices for passing of the ITC utilised for payment of IGST on exported goods and...
15 Jul, 2019, 09.34 AM IST
Govt identifies 5,106 'risky exporters' who have fraudulently claimed GST refundsThe CBIC assured genuine exporters that their refund claims would be processed in an automated environment and issued in a timely manner.
20 Jun, 2019, 01.10 PM IST
Bogus IGST refund claims: Government to verify exporters' claims before sanctioningTax experts said the move to verify the refund claims would delay the process of refund issuances to exporters.
18 Jun, 2019, 06.31 PM IST
Rs 8,000 crore of IGST refunds, Rs 15,000 crore ITC repayments stuck, says FIEOGST refund claims of Rs 54,378 crore of exporters have been cleared by the centre and state tax officials till July end.
10 Oct, 2018, 09.41 PM IST
CBIC sets up Help Desks’ for expeditious IGST refunds for MSME exportersThe Help desks would assist in resolution of IGST refund claims for MSME exporters as part of on-going ‘Refund Fortnight.
20 Jul, 2018, 10.28 AM IST
CBIC to organise third edition of GST refund fortnight from July 16-30In case of IGST refunds for goods exported out of India, the percentage of amount of refund claims disposed by CBIC is lready more than 90 ...
16 Jul, 2018, 09.16 PM IST
GST refund drive extended till June 16The central and state tax officials have already cleared refunds worth over Rs 7,500 crore since May 31, when the special drive to clear ex...
12 Jun, 2018, 09.44 PM IST
Delhi Customs launches special drive to help exporters get quick tax refundsThe move is part of a first-of-its-kind exercise organised by the department to further enhance ease of doing business. This ongoing specia...
09 Jun, 2018, 07.08 PM IST
Exporters' GST refund: CBIC frames 'interim solution' to quickly clear Rs 14,000 crore pendingIn the first phase of refund fortnight observed between March 15-30, the Central Board of Indirect Taxes and Customs (CBIC) had cleared ref...
30 May, 2018, 10.01 PM IST
CBEC field offices observe GST refund fortnight; to clear Rs 150 crore of pending refundsAs much as Rs 150 crore of Integrated Goods and Services Tax (IGST) refunds are pending for exports though the Cochin port, due to technica...
16 Mar, 2018, 09.31 AM IST
GST Council defers e-Wallet by 6 months, current system of tax exemptions for exporters to continueAccording to a press note and in a related development which would benefit the exporters, the Council reviewed the progress in grant of ref...
10 Mar, 2018, 04.00 PM IST
Exporters claim Rs 6,500 crore refund for July-October: Finance MinistryThe CBEC had last month started refunds for exporters of goods who have paid Integrated GST (IGST) and have claimed refund based on shippin...
29 Nov, 2017, 02.52 PM IST
Exporters need not pay IGST if bond/undertaking furnishedIn case the IGST has been paid, the exporters can seek refund of the tax paid, according to a Customs circular on export procedure in the G...
03 Jul, 2017, 08.32 PM IST