CBEC TO APPROACH GST COUNCIL TO AVAIL OF POWERS FOR RECTIFYING MISMATCHES IN IGST REFUNDS, SAYS ITS MEMBER

CBEC TO APPROACH GST COUNCIL TO AVAIL OF POWERS FOR RECTIFYING MISMATCHES IN IGST REFUNDS, SAYS ITS MEMBER

CBEC TO APPROACH GST COUNCIL TO AVAIL OF POWERS FOR RECTIFYING MISMATCHES IN IGST REFUNDS, SAYS ITS MEMBER

No.PR-169

February 27, 2018

New Delhi

  

CBEC TO APPROACH GST COUNCIL TO AVAIL OF POWERS FOR RECTIFYING MISMATCHES IN IGST REFUNDS, SAYS ITS MEMBER

 Central Board of Excise and Customs (CBEC) would soon approach GST Council to empower its key functionaries and officials to rectify mismatches in returns filed by traders and businesses to avail refund of IGST wherever GSTN is unable to tally such mismatches with customs site on grounds of technicalities, according to its Member (Customs), Mr. Pranab Kumar Das.

Speaking at a Workshop on Refunds on Exports/Deemed Exports under GST organized by the PHD Chamber of Commerce and Industry here today, Mr. Das clarified that under the current GST regime customs’ officials are unable to intervene on matters relating to mismatches arising out of GST returns filed by traders and businesses for refund of IGST on exports on the one hand and the systematic validation or certain particulars with GSTN and customs ICEGATE.

“This has led to either delays in IGST refunds in certain cases.  Therefore, the department of Finance would soon approach the GST Council in its forthcoming meeting and seek its approval to enable customs officials to rectify mismatches so that IGST refunds are quickly deliver and businesses are enabled and better facilitated”, indicated Mr. Das.

Mr. Das called upon the traders and business community to meticulous in their return filing as also be honest as GST refunds are systematic driven process and a minor mistake here and there could delay the process of refunds though the government is trying its best to sort out refunds related problems with empowering its officials with powers to rectify mismatches.

In his welcome remarks, Vice President, PHD Chamber, Mr. D K aggarwal appreciated the way the government functionaries are becoming proactive to help and facilitate traders and businessmen both in terms of receiving taxes as well as dispensing refunds wherever needed with a great element of accuracy and fairness.

Chairman, Indirect Taxes Committee, PHD Chamber, Mr. Bimal Jain though appreciated the efforts and sincerity with which the government has been coming forward in support of trading and business community post GST regime, however, added that the remaining glitches in the refund of IGST or refund of ITC on exports process ought to be removed in time bound manner so that dispensation of taxes and refunds dues are honoured in an equitable, fair and time bound manner.

Among others who were also present on the occasion comprised Commissioner, Delhi Region, CBEC, Mr. Sunil Sinha; Co-Chairman, Indirect Taxes Committee, PHD Chamber, Mr. N K Gupta alongwith its Director, Mr. Abhi Narayan Mishra.

 Ends.

Koteshwar Prasad Dobhal

Consultant (PR)