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Exporters complain of delay in GST refunds despite government timeframe

Exporters complain of delay in GST refunds despite government timeframe
Exporters complain of delay in GST refunds despite government timeframe
As per the tax framework, an exporter need not pass on the GST paid on raw material or input services to the client or a foreign entity.

Synopsis

The tax department had come out with a guideline to process these within a deadline and recently the authorities had said that the duty drawback claims also must be processed within a timeframe. This timeframe was also reduced to three days from seven.

MUMBAI: Even as the government has come out with a timeframe to process and give tax refunds under the indirect tax framework, many exporters complain of continuing delays and some are exploring legal options as they face cash flow issues.Many of them have reached out to the government, claiming tight cash positions on account of delays in getting refunds and duty drawbacks they are entitled to. The tax department had come out with a guideline
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The Economic Times