As much as Rs 150 crore of Integrated Goods and Services Tax (IGST) refunds are pending for exports though the Cochin port, due to technical errors, said a report in Times of India.

The exporters WHO have IGST refund or Input step-down (ITC) claim unfinished with the Central Board of Excise and Customs (CBEC) will visit the sector offices wherever the tax officers can facilitate them.

“Attention Exporters – CBEC is perceptive Refund period from fifteen to twenty ninth March, 2018 across all field formations to deal completely with unfinished GST Refund Claims (IGST & ITC) #GoodAndSimpleTax,” the CBEC tweeted.

The CBEC has already given refunds to the tune of Rs five,000 large integer however the maximum amount as seventy per cent of total refunds to exporters remains stuck even once eight months of GST roll out.

Goods and Services Tax (GST) was unrolled from July 1, 2017.

The issue of refunds to exporters has been delayed for over eight months currently, with exporters protesting that delay in GST refunds has blocked their capital.

The revenue department, on the opposite hand, has argued that there area unit discrepancies in forms submitted by exporters with the customs department and people with the GST Network (GSTN).

The CBEC aforementioned it’s return up with new facility for enabling Integrated GST (IGST) refunds delayed as a result of either pair in invoice filed with Customs which with GSTN. conjointly it’s created obtainable new facility for errors related to filing of Export General Manifest in entranceway port.

“Special ‘Refunds Cell’ with dedicated force and infrastructure area unit being operated in the slightest degreeCustoms formations throughout this period to hurry up enabling of refunds,” CBEC aforementioned.

With reference to unfinished ITC refund, the CBEC aforementioned the claims have to be compelled to be filed with territorial tax authority to that the payer has been assigned .”The refund claims need to be filed with only one authority. No need to file claims separately with Centre and state for refund of CGST and SGST, respectively,” the CBEC said.

The Prime Minister’s Office had earlier this week called a meeting of top officials of commerce and finance ministries to discuss the issue of GST refunds.

The GST Council in its meeting last week decided to implement e-wallet scheme for refunds to exporters by October 1. Under the e-wallet mechanism, a notional credit would be transferred to the exporters account based on their past record and the credit can be used to pay taxes on input.

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