Refunds of Rs 25,000 cr pending due to GSTN s inability: Mitra
Monday - June 18, 2018 9:32 pm ,
Category : BUSINESS
Refunds of Rs 25,000 cr pending due to GSTN s inability: Mitra
Kolkata June 18 (IANS) Inability of the GST Network (GSTN) to verify refund claims has resulted in applications from exporters worth around Rs 25 000 crores remaining pending West Bengal Finance Minister and GST Council member Amit Mitra said here on Monday.
"There have been three lakh applications from country s exporters for refunds. It involves an amount to the tune of Rs 25 000 crore. But it is pending as GSTN Auto which verifies such claims is unable to undertake the exercise " he said during an exports meet.
Mitra said due to GSTN s inability manual verification has been resorted to. "This has resulted in the applications piling up. Consequently the working capital of the exporters has been affected."
The minister said he would take up the use with the GSTN.
Mitra said on an average only 35-40 per cent of such applications have reached the states for manual verification.
--IANS ssp/vd
"There have been three lakh applications from country s exporters for refunds. It involves an amount to the tune of Rs 25 000 crore. But it is pending as GSTN Auto which verifies such claims is unable to undertake the exercise " he said during an exports meet.
Mitra said due to GSTN s inability manual verification has been resorted to. "This has resulted in the applications piling up. Consequently the working capital of the exporters has been affected."
The minister said he would take up the use with the GSTN.
Mitra said on an average only 35-40 per cent of such applications have reached the states for manual verification.
--IANS ssp/vd
