SME Times News Bureau | 22 Jun, 2018
Exporters' association FIEO on Thursday appreciated the large
number of disposal of IGST and ITC refunds applications of exporters,
by the Centre and the States, during the second clearance drive.
FIEO president Ganesh Kumar Gupta said that exporters deeply
acknowledge the huge efforts of tax authorities during the clearance
drive helping easing out their liquidity constraints.
He thanked Finance Minister, Revenue Secretary and Chairperson
CBIC for their initiatives and close monitoring resulting in such
Gupta said that it is very heartening that tax
authorities will continue to be in disposal mode even after the drive
period, which will eventually eliminate pendency.
however, urged that the software for ITC refund may be modified
immediately so that those exporters having ITC claim and exports in
different months can file application since they are waiting for last
The FIEO chief also suggested to move to a complete online ITC
refund, on the lines of IGST, to reduce transaction time and cost.