Overview of GST Special Refund Fortnight
The government has conducted first special refund drive from 15th March 2018 to 29th march 2018.
Whereas the second special refund drive was conducted from 31st may 2018 to 14th June 2018. During the first fortnight Rs. 5350 crore were sanctioned to exporters. Whereas Rs. 7500 crores are already sanctioned in the second fortnight drive.
By looking at the tremendous response to these drives, the government has decided to extend this drive by another two days i.e till 16.06.2018.
Exporters are requested to pay the IGST difference amount which was shot paid earlier because of which refunds have been held up. Details instructions can be followed against Circular no. 12/2018- dt.29.05.2018.
Related Articles on GST Refund
Read to know who can claim refund under GST system in India. Also, see what type of refunds are acceptable for claiming GST refunds.
Read to know what is input tax credit refund. Also, find out what are the limitations for claiming such ITC refund.
The Government has recently launched the new income tax portal at www.incometax.gov.in. Check out the latest features of New ITR filing portal.