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GST maze leaves exporters sulking for refunds

Jaitley announced that refunds will start from October 10, for exports made in July, and from October 18, for exports made in August

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T N C Rajagopalan Ahmedabad
In its 22nd meeting on October 6, the Goods and Services Tax (GST) Council had asked the government to quickly refund to exporters the Integrated GST (IGST) paid on goods exported. Finance Minister Arun Jaitley announced that refunds will start from October 10, for exports made in July, and from October 18, for exports made in August. However, most exporters have so far not received refund of the IGST paid in July or subsequent months.
 
The Central Board of Excise and Customs (CBEC) issued a circular on November 7, stating that refunds of the IGST paid on export goods