GST: Extension of Special Refund Fortnight till 16.6.2018

GST: Extension of Special Refund Fortnight till 16.6.2018

GST: Extension of Special Refund Fortnight till 16.6.2018 The Government has launched the second Special Drive Refund Fortnight from 31.5.20

authorCA Deepak GuptadateJun 14, 2018
Last update on Jun 14, 2018
GST: Extension of Special Refund Fortnight till 16.6.2018 The Government has launched the second Special Drive Refund Fortnight from 31.5.2018 to 14.6.2018. During the first Refund Fortnight from 15thto 29thMarch an amount of Rs.5350 crore was sanctioned and during this fortnight over Rs 7500 crore has been sanctioned.In view of overwhelming response from exporters and pending claims,the period of Refund fortnight is being extended by two more days i.e up to 16thJune, 2018. All exporters whose refunds have been held up on account of short paymentare required to make the payment of IGST equal to short payment and follow the instructions of Circular No.12/2018-Customs dated 29.5.2018. In IGST short payment cases, small exporters whose aggregate IGST refund amount for the period July, 2017 to March, 2018 is upto Rs. 10 Lakhs are required to submit self-certified copies of proof of payment of IGST to the concerned Customs office at the port of export. Others are required to submit a certificate from a Chartered Accountant including the proof of payment. All GST refund claimants, whose claims are still pending, are being encouraged to approach their jurisdictional Tax Authority for disposal of their refund claims submitted on or before 30.04.2018.In case the jurisdiction(i.e.Centre or State)has not been defined for a particular claimant, he/she can approach either of the jurisdictional tax authorities. All claimants may note the refund application in FORM GST RFD-01A will not be processed unless a copy of the application, along with all supporting documents, is submitted to the jurisdictional tax office.Mere online submission is not sufficient. All IGST refund claimants may register on ICEGATE website, if not already done, to check their refund status.Customs field formations have been informed about the extension of the Refund Drive.Exporters are requested to make the best of this extended drive and avail of the opportunity to get the refunds sanctioned during this special drive. In case of any problem, exporters are advised to approach the Commissioner of Customs/Jurisdictional Tax Authorities. The Government is committed to clear all the remaining refund claims filed upto 30.04.2018 are still pending.

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.
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