Central GST Deptt refunds Rs 121.90 cr in Nagpur Zone

Source: The Hitavada      Date: 14 Jun 2018 12:22:32


Business Bureau

CENTRAL Goods and Services Tax (CGST), Nagpur Zone on the directions of Central Board of Indirect Taxes and Customs (CBITC), is observing the second ‘Special Refund Fortnight’ from May 31, 2018 to June 14, 2018 to dispose off input tax credit refund filed on or before April 30 and Integrated Goods and Services Tax (IGST) refund on exports. During this fortnight more than Rs 7,500 crore has been sanctioned across the country compared to Rs 5,350 crore during the first refund fortnight that was conducted between May 15 to March 30. Looking at the overwhelming response from exporters and pending claims, the second refund fortnight has been extended by two more days upto June 16. This was disclosed by Ashok Kumar Pande, Principal Chief Commissioner, Nagpur Zone while speaking at a press conference organised on Wednesday.

In Maharashtra during the first fortnight a total of 112 RFD-01A applications involving an amount of 58.83 crore were received in various offices of Nagpur Zone and final sanction orders were issued in 100 per cent of the cases by March 31, and Rs 58.83 crore were distributed into the bank accounts of the exporters. Similarly, 37 sanction orders were received from Maharasthra State for disbursal of Rs 6.02 crore of CGST and IGST which were disbursed successfully during the first fortnight, Pande said. The same response is expected by the end of second refund fortnight which stands extended till June 16. As on June 13, a total of 299 refund applications were received by Nagpur Zone involving an amount of Rs 121.90 crore. A total of Rs 88.96 crore has been sanctioned till June 13. In 290 cases the amount sanctioned has reached the exporters bank accounts and remaining nine cases will be disbursed by end of the fortnight. Out of the 144 applications received from the State for disbursal of CGST and IGST amount, in 137 cases involving Rs 14.07 crore has been disbursed into the exporters bank accounts. The balance seven cases will be disbursed by end of the fortnight, Pande added.

Those exporters whose funds were held up on account of short payment are required to make the payment of IGST equal to short payment and follow the instructions of Circular No. 12/2018 Customs dated May 29, 2018. In IGST short payment cases, exporters whose aggregate IGST refund amount for the period July, 2017 to March, 2018 is upto Rs 10 lakh are required to submit self-certified copies of proof of payment of IGST to the concerned Customs office at the port of export. Other exporters are required to submit a certificate from a Chartered Accountant including proof of payment.

All GST refund claimants, whose claims are still pending are being encouraged to approach their jurisdictional tax authority for disposal of their refund claims submitted on or before April 30. “All claimants should note that refund application in Form GST RFD-01A will not be processed unless a copy of the application, along with all supporting documents are submitted to the tax office. Mere on-line submission is not sufficient,” Pande said. All IGST refund claimants should register on ICEGATE website to check their refund status. “Exporters are requested to take benefit of the extended date and avail of the opportunity to get the refunds sanctioned during the special drive. Government is committed to clear all the remaining claims filed upto April 30”, he pointed out. Present were Ashish Chandan, Commissioner CGST, Nagpur II, Sanjay Rathi, Commissioner CGST, Nagpur II, Dinesh Bisen, Joint Commissioner and Pradip Gurumurthy, Joint Commissioner, CC Office,
Nagpur Zone.