Business

GST refunds worth Rs54,000cr cleared

The govt had, on July 16, launched a special fortnight-long drive for GST refunds

New Delhi: The government processed pending GST refunds of Rs 54,378 crore during its third refund fortnight from July 16 to 31, it was announced on Wednesday.

The government had on July 16 launched a special fortnight-long drive to facilitate pending GST refunds during which dedicated refund cells and help desks were provided for exporters to get their refund claims processed in each commissionerate.

It was the third such refund fortnight to clear Goods and Services Tax (GST) refunds after similar drives earlier held in March and June. “Till July 31, the total GST refunds disposed by the Centre and the states are to the tune of Rs 54,378 crore,” a statement said.

Apart from other measures during the refund fortnight, the Central Board of Indirect Taxes and Customs (CBIC) officials reached-out to doorsteps of the exporters for sanctioning of refunds by the way of GST refund help desks.

GST complaint App for SMEs, MSMEs

  • Logo Infosoft, a technology leader in providing GST compliant business solutions to MSMEs in India, on Wednesday launched its easy-to-use mobile ERP application ‘Vyapari’ for SMEs, MSMEs and traders.
  • The App facilitates recording and processing of all kinds of accounting transactions and like all products of Logo Infosoft, Vyapari was GST compliant. This user-friendly application, delivers seamless processing of business data, providing accuracy for Chartered Accountants (CAs) to file taxes in a timely manner.
  • The users simply have to register their GST number and start selling and purchasing.
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