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Last updated: 19 Apr, 2018  

suresh-prabhuTHMB.jpg Delayed GST refund to exporters: Prabhu to raise issue before FinMin

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SME Times News Bureau | 19 Apr, 2018

Commerce Minister Suresh Prabhu on Wednesday said that his ministry will raise the issue of delayed Goods and Services Tax (GST) refund to exporters.

Speaking at a meeting in New Delhi Suresh Prabhu assured industry representative of taking up the issue of the GST refund with the Finance Ministry.

At a meeting here, Federation of Indian Export Organisations (FIEO) representatives told the Minister that the refund filing mechanism should become fully online and the pending GST refund released immediately to help exporters get over the cash crunch.

Exporters are claiming that over 60 per cent of their refunds are still stuck with the government and the delay has blocked their working capital.

The Minister asked the FIEO to prepare a detailed action plan for all the sectors and sub-sectors, suggesting ways to promote their exports.

"We need a concrete plan to work on that," he said, adding the Centre is involving the states to help increase exports.

 
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GST refund claims - new delhi
K MURALI | Wed Apr 25 06:48:14 2018
Dear sir., our PM has to bring immediate rules that every months Gst has to be refunded to exporters like GST filing.or Govt should refund the amount within 15 days to concern exporters. so that Indian economy will not get affects.


 
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