Govt, industry at loggerheads over quantum of GST refunds for exporters

Exporters claim procedural glitches have led to pending refunds worth Rs 200 billion, Govt refutes claims

A day after the apex exporters body stated that the industry was waiting to receive a massive Rs 200 billion worth of tax refunds under the Goods and Services Tax (GST) regime owing to disbursals slowing down, the government on Wednesday has refuted the claims.

On Tuesday, the Federation of Indian Exports Organizations (FIEO) pointed out that refunds had flown smoothly till March 31, after which the pace has considerably slackened. "While claims over Rs 70 billion were cleared during March, the amount in April fell to a little over Rs 10 billion," FIEO President Ganesh Kumar Gupta said.

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