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Business News

May 25, 2020
5:13PM

CBIC says, has sanctioned GST refund claims worth Rs 11,052 crore in last 47 days

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The Central Board of Indirect Taxes (CBIC) said that it has sanctioned GST refund claims worth Rs 11,052 crore in last 47 days.
   
In a tweet, the CBIC said, it is committed to ensuring liquidity to GST tax payers especially MSME sectors during the lockdown.
 
CBIC further said, 29,230 refund claims amounting to Rs 11,052 crore were disposed of between 8th of April to 24th of May.
 
The Finance Ministry had on 8th of April said, in order to provide relief during COVID-19, it has been decided to issue all pending GST and custom refunds which would benefit around one lakh business entities, including MSMEs.

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