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Govt to speed up Rs 5,000 crore refund to MSMEs

Sunday, August 25, 2019, 12:16 PM

The Central Board of Indirect Taxes and Customs is finalising ways to speed-up the refund of Rs.4,000-5,000-crore to MSMEs as finance-minister Nirmala Sitharaman gets down to making the entire GST refund process seamless for businesses. Sitharaman had announced that all pending refunds of MSMEs will be cleared over the next 30-days and going forward, no dues will be pending for more than 60-days.
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GST refund drive extended till June 16

Wednesday, June 13, 2018, 7:50 AM

The Central Board of Indirect Taxes and Customs (CBIC) has extended the refund fortnight for fast track clearance of pending dues to exporters by two days till June 16. The central and state tax officials have already cleared refunds worth over Rs 7,500 crore since May 31, when the special drive to clear exporters refund was launched.