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CBIC facilitates exporters having IGST refund issues
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SME Times News Bureau | 23 Feb, 2021
The Central Board of Indirect Taxes and Customs (CBIC) has extended the
time limit for sanction of pending IGST refunds in such cases where
records have not been transmitted to ICEGATE, due to GSTR1 and GSTR3B
mismatch error.
This overcomes the problem of refund blockage by
allowing refunds subject to undertakings/submission of CA certificates
by exporters and post refund audit scrutiny.
This facilitation was issued vide a circular and would be applicable to all shipping bills filed up to March 31, 2021.
The
CBIC has also extended the facility for resolving invoice mismatch
errors (classified as SB-005 error) through the customs officer
interface on permanent basis. Earlier, this facility was provided for a
limited period i.e. in respect of shipping bills filed up to December
31, 2019.
The exporter may avail the facility of correction of
Invoice mismatch errors (error code SB-005) in respect of all past
shipping bills, irrespective of its date of filing subject to payment of
a nominal fee, a Finance Ministry statement said.
It is seen
that a considerable number of exporters have been facing difficulties in
getting their IGST refund sanctioned either due to lack of facility to
amend GST 3B return or bona-fide clerical/human errors while filing the
documents. With the endeavour of resolving all such pending IGST refund
claims, CBIC has issued different circulars, the statement said.
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