GST refund: PMO, officials meet today

The Prime Minister’s Office will meet top officials of Commerce and Finance Ministries on Monday to discuss the issue of GST refunds as exporters claimed that 70% of their refunds were stuck even after eight months of the roll-out of the new tax regime.

The meeting would assess the impact of delay in refund process on exports and manufacturing, sources said. Exporters had been complaining that the delay had blocked their working capital. The revenue department argued that there were discrepancies between forms submitted by exporters to the customs department and those to the GST Network.

 

source:http://www.thehindu.com/todays-paper/tp-business/gst-refund-pmo-officials-meet-today/article23043274.ece

Related Posts