The government on Thursday said the manual intervention introduced in the previously automated system of integrated GST refund to exporters would only apply to 3.5% of exprorters perceived to be ‘risky’ while the remaining exporters would continue to apply and receive timely refunds through the online system.
Some newspapers have on Thursday highlighted a perceived set-back to the automated process of refunds for exporters under GST on account of the introduction of manual checks to curb large scale frauds in IGST refunds, said the government in an official release.
This is especially in low-value added products, says a survey.
The government will continue to take steps for further simplification of the Goods and Services Tax (GST), President Ram Nath Kovind said on June 20.
The Ministry of Industry and Trade (MoIT) officially launched an electronic certificate of eligibility (C/E) issuance system for garment and textile exports to Mexico.
Union Budget 2019 India: Traders' body CAIT has sought simplification in filing the Goods and Services Tax (GST) return and also an extension in filing it by at least next three months from current last date of June 30.