The government said exporters claimed refund worth Rs 6,500 crore in the first four months of Goods and Services Tax and any delay or rejection was due to errors while filing returns.
The refunds for the Integrated Goods and Services Tax paid in July to October were granted after the exporters filed shipping bills on the GST Network, the Central Board of Excise and Customs said in a press release.
The CBEC said about Rs 30 crore worth of unutilised credit was also refunded through RFD 01 A forms filed on GSTN.
Most of refund claims for exports made in July have been sanctioned, the CBEC said. “Refund claims of IGST paid for exports in August, September and October are also being sanctioned seamlessly wherever returns have been accurately filed,” it said.
Errors made by exporters while filing their returns is the “sole reason” for delay in grant or rejection of refunds, according to the CBEC. Incorrect shipping bill number in GST-R1, mismatch of invoice number and IGST amount paid, wrong bank account were the common mistakes, it said.