Circular No. ES/125/2018-19 July 18, 2018
To: Members of the Council
Sub:- CBIC to observe Third Refund Fortnight to clear pending refunds regarding IGST, ITC and any other refunds
We are glad to inform you that the Ministry of Finance has issued a Press Release on 16th July, 2018 announcing a Third Refund Fortnight to clear pending refunds of IGST on Exports, Input Tax Credit and any other refunds.
As you are aware, Refunds of GST has been a concern for the Government and Trade for the past several months. In this regard, the CBIC had observed two special drives cum refund fortnights in the Month of March, 2018 (15th to 31st March, 2018) and June, 2018 (31st May to 16th June, 2018) respectively. These refund fortnights had provided relief to the Members of Trade.
In case of IGST refunds for goods exported out of India, the percentage of amount of refund claims disposed by CBIC was more than 90%.
However, in order to liquidate pendency further, and to handhold/guide the trade for applying for the refund claims in a proper manner, it has been decided to observe another refund fortnight from 16th July, 2018 to 30th July, 2018. Dedicated refund cells and helpdesks would be provided for exporters to get their refund claims processed, in each Commissionerate.
The exporters and export organizations are requested to take benefit of this opportunity to get their pending refund claims processed. The facility to view reasons for pending IGST refunds have been provided on ICEGATE.
As the IGST refund procedure is designed for seamless electronic processing; sufficient and correct details are required to be filed by the exporter.
Instructions to be followed for claiming refunds of IGST and ITC and any other refunds–
(Please act as per the following steps while applying for refund in Form GST RFD-01A)
We request all concerned members to follow the above instructions carefully and avail the benefit of this Special Refund Fortnight for getting your IGST, ITC and any other refund claims settled.
We also request you to furnish the details of those refund claims which have been settled earlier and during this fortnight to the Council at email@example.com.