13 Jun 2018Posted By: Mudit Handa

How has the GST Department managed to clear ₹7K crore GST refunds in just 9 days?

It is no hyperbole that our nation is all set to witness a sort of fiscal revolution. Unquestionably, the all-new era of the Goods and Service Tax regime is the precursor of this fiscal revolution, as can be clearly perceived from the massive GST collections and increase in the compliance rate. There is no doubt that the new indirect tax regime had marked its genesis on a very weak fiscal foundation. Resultantly, the complications and slight stoppages were commonly witnessed. To much extent, what had been at the root of this problem was the conceptual naiveness of the general public who have undergone New GST registration.

Still and all, the status quo in this regard is tremendously transforming for good, just as it has been aired by the Central Board of Indirect Taxes and Customs (CBIC) that over ₹7,000 crore worth of GST refunds of the traders and exporters have been cleared. This is exactly half of the total amount of the GST refunds that had been stuck due to mismatches and technical glitches.


#1. How has the GST authority managed to overcome the blockage of GST refunds?

The proclamation from CBIC has come in the wake of the Special Refund Fortnight that it had held from May 31 to June 14, 2018, as to settle the accumulated refund claims amounting to ₹14,000 crore, pertaining to IGST on exports and GST input credit.

The department had installed a fast-track mechanism for prompt clearance of the IGST & ITC claims, which has now seemed to have efficiently worked out up to a great extent.


#2. What was the reason behind organising the GST Refund Fortnight?

The prime cause behind the logjam of GST refund process has been incomplete details and mismatch in the GST return filing procedure from the end of the traders who have undergone GST registration, apart from the faulty shipping bills filed by the exporters.


The special GST Refund Fortnight was held by CBIC in order to rule out such mismatches.


#3. How successful has been the government's GST refund programme?

The authority has been able to exhibit remarkable result within 9 days of this special drive, as measures are being successfully implemented by the government to reduce the backlog of refunds. Over 50% of total accumulated GST refunds have been cleared as yet.


#4. What is the status of the IGST refunds after the beginning of this programme?

The ongoing measures for settlement of IGST refunds in exports have worked out with roaring success.

  • Delhi customs zone has rectified over 12,000 shipping bills within 8 days and has reportedly cleared up IGST refunds amounting to ₹290 crore.
  • Apart from that, the customs department has been able to correct 8,000 shipping bills of the exporters.
  • With rectification of these shipping bills, around ₹143 crore of IGST and ₹194.75 crore of Rebate of State Levies (RoSL) has been settled till June 8.


#5. How did the authorities manage to sort out the IGST refunds so promptly?

Besides auditing, the GST department had directed the exporters and traders before the Refund Fortnight to visit their jurisdictional GST office or nearest Custom House (Port), with their Import Export Code to get their pending GST claims reconciled. Their grievances were duly and promptly redressed.   


#6. What are the prospective measures to be taken during this drive?

The GST department is now trying to go through around 26,000 more shipping bills, which are still erroneous owing to incomplete documentation and information, get them reconciled within next few days of the special drive.


If you seek any other assistance regarding GST registration in India, feel free to contact us at 8881-069-069.








Give a Reply

Fill up the form

E-startupIndia Mobile App


Download our free Android App and get realtime update on your order status.
Easily connect with our professionals handling your order over chat & mobile.
Never miss business compliances due date with advance notifications.

Get E-startupIndia in your mobile

Why Choose Us

e-startupindia member of GOOGLE

Serving business owners with an Average 4.8+ Google Rating.

e-startupindia certified #AxixBank

Trusted by Axis bank to cater its clients all licensing & compliance needs.

e-startupindia NG Alliance Partner

Providing lending solutions for business needs with NeoGrowth.

e-startupindia Google Partner

Open Neo bank account worldwide & provides cross-border remittance solutions.

e-startupindia member of CII

E-startupindia is a Proudly Member of Confederation of Indian Industry.The CII is a premier business association in India which works to create an environment.

e-startupindia certified #Etstartupindia

E-Startup India is duly certified under GOI's Startup India scheme and is renowned for our tech-driven solutions for business & legal services requirements for MSMEs.

e-startupindia Google Partner

E-Startup India is a Google Partner, which implies we are rigorously involved in assisting SME businesses to market their presence in the digital world.

Popular Services

Private Limited Company | Public Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Sole Proprietorship Firm | Section 8 Company Registration | USA Company Registration | UK Company Registration | UAE Company Registration | Singapore Company Registration | Company Registration Hong Kong | Import Export Code | IEC Modification | AD Code Registration | Spice Board Registration | US FDA Certification | ISO 9001 2015 | ISO 14001 EMS | ISO 22000 FSMS | ISO 27001 ISMS | ISO 50001 Energy Management | ISO 45001 | ISO Surveillance | ISO Certification | MSME Registration | FSSAI Registration | Shop Establishment Registration | Barcode Registration | Coffee Board Registration | Startup India Certificate | ZED Certification | Trademark | Trademark Objection Reply | Trademark Opposition | Trademark Hearing | Trademark Formality Check Fail | Website Development | Patent | Copyright | Design Registration | Business Name Suggestion | Logo Designing | Trademark Assignment Service | GST Registration | GST Modification | GST Cancellation | GST Return Filing | GST Invoice Software | UIN Registration | Income Tax Return | Income Tax Notice | Income Tax Refund | Income Tax Assessment | TDS Return Filing | Form 15CA / CB | Professional Tax Registration | 12A and 80G Registration | FCRA Registration | CSR Registration | Project Report | Pitch Deck | Seed Fund Startup India | Accounting for Ecommerce | Virtual cfo services in india | Bookkeeping & Accounting | Private limited Company Annual Compliance | Form INC-22A | Form 15CA / CB | Company Strike Off | Commencement of Business | Fssai annual return | Online CA Consultancy | Income Tax Return Filling | LLP Annual Compliances | Form DIR-3 KYC | Virtual Office for Company Registration |


  • e-startupindia South Asia's Leading Multimedia News Agency
  • Business Standard
  • e-startupindia Outlook
  • e-startupindia Htmedia
  • e-startupindia Yahoo News
  • e-startupindia New Delhi Times
  • e-startupindia India.com
  • e-startupindia IBTN9