GST refunds of over Rs 7,000 crore cleared by CBIC

The Central Board of Indirect Taxes and Customs (CBIC) has cleared Goods and Services Tax (GST) refunds worth over Rs 7000 crore to exporters during the initial phase of the special refund drive undertaken by authorities.

"The government is running Special Operations Refunds Fortnight for GST refunds from May 31 to June 14. In the first nine days, refunds of over Rs 7,000 crore have been made" tweeted Finance Minister Piyush Goyal. "All those entitled to refunds can get first-hand updates by registering on the website" he added.

Chief Commissioner of Delhi Customs Sunil K Sawhney informed that they will try to scroll down around 26,000 shipping bills, which are still pending due to lack of relevant documents during the drive.

Several measures have been taken by the government to ease the backlog of refunds and help exporters and traders.

(Inputs from ANI)