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The Southern India Mills’ Association

Committed to Foster the Growth of the Textile Industry

GST refunds of Rs. 82,775 cr. cleared

The Finance Ministry said that GST refunds of Rs. 82,775 crore to exporters has been cleared as on October 31, which is 93.8% of the total such claims.
The Ministry said Rs. 5,400 crore worth GST refunds were still pending with the government and being “expeditiously processed.”
“As on October 31, 2018, total GST refunds to the tune of Rs. 82,775 crore have been disposed by the Central Board of Indirect Taxes and Customs (CBIC) and the State authorities out of the total refund claims of Rs. 88,175 crore received so far,” the Ministry said.