** Sagar Sandesh print version ceases to be published from December 31, 2017. New look E-paper would be available from Jan. 1, 2018 onwards. free of cost.**

Finance Minister Piyush Goyal counters Amit Mitra's claim on pending GST refunds of exporters

Finance Minister Piyush Goyal on refuted the charge made by the West Bengal Finance Minister Dr Amit Mitra that exporters  GST refunds were not paid by the customs authorities and said a system has been evolved to ensure that their claims are delivered on time .

"From May 31st to June 15th, all exporters were asked to claim their refunds and most of those who applied were paid. For claims up to Rs 10 lakh, a self-certification was required. For those who claimed over Rs 10 lakh, were asked to provide a chartered accountant's certificate.

The West Bengal government should be knowing about the scheme finance minister said in a tweet.

  Dr Mitra had stated recently that a large number of exporters across the country were awaiting refunds to the tune of Rs 25,000 crore, which have been stuck due to the inability of the GST Network.

There have been three lakh applications from exporters of the country, involving Rs 25,000 crore, which are awaiting refunds, Dr. Mitra said while talking to newpersons. Dr Mitra is also a GST Council member.

To a question on Dr. Mitra's allegation about the rise in Hawala transaction due to lacunae in the GST automatic digitized process, Goyal said Mitra should make efforts to stop these illegal transactions.

 Talking about the hawala transactions Mitra had stated that as a result of GSTR 3B not being backed by invoices, "not only are we going completely manual, hawala transactions have also increased massively". Mitra had cited the West Bengal government's own studies which suggested
"you are not putting invoices and there is no way to check it".

GSTR 3B is a tax return form mandatory for all those who have applied for Goods and Services Tax (GST).

 


Disclaimer
Copyright © 2018 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us