New Delhi: In order to help exporters, the Prime Minister’s Office has called for a meeting of top officials of commerce and finance ministries on Monday to discuss the issue of GST refunds with them.
Exporters have been claiming that their 70 per cent of refunds are still stuck even after eight months of roll out of the tax regime. During the meet the PMO will assess the impact of delay in refund process on exports and manufacturing, sources said.
According to sources, the meeting would be attended by finance secretary Hasmukh Adhia, commerce secretary Rita Teaotia, CBEC chairperson Vanaja Sarna and top officials from the DGFT. The DGFT is slated to make a presentation before the principal secretary to the PM on the pending refunds to exporters.
The issue has been hanging fire for over five months, with exporters complaining that delay in refunds has blocked their working capital. The revenue department, on the other hand, has argued that there are discrepancies in forms submitted by exporters with the customs department and those with the GST Network (GSTN).
