The Synthetic & Rayon Textiles Export Promotion Council

Total Rs.54,378 crore of Refunds processed by the Centre and the States till 31st July, 2018 under GST during the Third Refund Fortnight.

Circular No.ES/140/2017-18                                                                          August 02, 2018

To: Members of the Council

Sub: Total Rs.54,378 crore of Refunds processed by the Centre and the States till 31st July, 2018 under GST during the Third Refund Fortnight.

Dear Member,

We are pleased to inform you that the Ministry of Finance has issued a Press Release regarding refunds processed by the Centre and the States till 31st July, 2018 which were in line with the pending GST refunds and the conclusion of the Refund Fortnight Drive by CBIC.

It is informed that the Central Board of Indirect Taxes and Customs (CBIC) has successfully concluded the Third Refund Fortnight which began from 16th July, 2018 to 31st July, 2018.

The total GST refunds disposed by the Centre and the States till 31st July, 2018 is Rs 54,378 Crore.

During this Refund Fortnight, a unique facility was provided by CBIC for the ease of exporters. It was for the First Time that officers of CBIC reached-out to doorsteps of the exporters for sanctioning of refunds by the way of GST Refund Help Desks. These Help Desks were manned by the officers of CBIC who were tasked with assisting the exporters in resolving issues related to refunds. These Help Desks provided an extension of CBIC offices, thus eliminating the need to go to Customs office for submission of documents. 

We are pleased to inform you that by the end of 31st July, 2018, CBIC and the State has disposed/sanctioned the following amount :

Sr. No.

Details

Amt. disposed/ sanctioned

by CBIC

(Rs. in cr)

Amt. disposed/ sanctioned

by States

(Rs. in cr)

Total Amt. disposed/ sanctioned

 by CBIC & States

(Rs. in cr)

1

Total IGST refunds disposed

29,829

 

29,829

2

Refund claims sanctioned during the Third Refund Fortnight Drive

3,391

 

 

3

RFD-01A refunds disposed

16,074

8,475

24,549

 

TOTAL AMOUNT DISPOSED

 

 

54,378

Please note that the remaining GST refunds pending with CBIC will continue to be processed expeditiously. 

Instructions by CBIC

CBIC has instructed the exporters to follow the correct procedure of filing returns by giving accurate information in Shipping Bill and submitting RFD01A Application Forms to the jurisdictional formations for quick disbursal of their GST refund claims.

It has been reported by the Ministry of Textiles that inspite of several reminders sent by them seeking information of Non-receipt of pending GST/IGST refunds, exporters do not furnish details to the respective EPCs for taking up the matter with the concerned authorities. We are once again giving here-below the format for providing details of pending GST/IGST refunds.

Name of the Company

Refunds Requested

Amount Refunded

Pending Amount

 

GST

IGST

TOTAL

GST

IGST

TOTAL

GST

IGST

TOTAL

 

 

 

 

 

 

 

 

 

 

Please fill-in the above details and send it to us at (es@srtepc.in, ed@srtepc.in) immediately for enabling us to do the needful. 

Members may kindly make a note of the above and act accordingly.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR