The finance ministry on Thursday said that 93.8 per cent of GST refunds of exporters have been issued as on October end this year. The statement came amid exporters raising concerns about their input tax credits.
The ministry re-assured exporters for the second time in a month there is no let-up in the sanction of GST refunds.
It said in a statement that the total GST refunds to the tune of Rs 827.75 billion have been disposed by the Central Board of Indirect Taxes and Customs (CBIC) and the state authorities of the total refund claims of Rs 881.75 billion