Tax department clears Rs 7,000-crore GST refunds

NEW DELHI: The tax department has cleared greater than Rs 7 000 crore really worth of pending refunds of exporters for the duration of the preliminary section of the special refund drive undertaken by the government. The Central https://bmxmuseum.com/user/253272 Board of Indirect Taxes and Customs (CBIC) has additionally requested exporters traders and other claimants to avail this opportunity of Special Refund Fortnight from May 31 2018 to June 14 2018 and go to their jurisdictional GST workplace or Customs House/Port and settle pending claims. More than Rs 7 000 crores of IGST/ ITC refunds sanctioned till now for the duration of the ongoing unique refund fortnight the CBIC said on Twitter. The department is setting up the refund fortnight from May 31 to June 14. More than Rs. 7000 crores of IGST/ ITC Refunds sanctioned till now at some point of the ongoing Special Refund Fortnight https://t.Co/KokcmU6OOO CBIC (@cbic_india) 1528479144000 The authorities has taken several measures to ease the backlog of refunds and help exporters and investors. It has run several campaigns to make sure a clean float of refunds after exporters complained of a huge backlog which became affecting shipments. The tax department in its campaigns has additionally sensitised the exporters that it isn't always just sufficient to fill the refund bureaucracy on the portal. It will not be processed until a printout of the form is submitted to the jurisdictional tax office. The branch has additionally stated that the refund claims desires to be filed with one tax authority only and there is no want to record one after the other with the Centre and country for refund of CGST and SGST. Among the string of steps taken by way of the tax department to ease refunds it has allowed clearance of GST refunds primarily based on PAN card numbsers of exporters if such refunds are held up because of mismatch in GSTIN noted inside the delivery invoice and go back paperwork. NEW DELHI: Over Rs 7 000 crore or half of of the pending GST refunds of exporters has been cleared in the first nine days of the continued special refund fortnight. More than Rs 7 000 crore of IGST/ ITC refunds sanctioned until now throughout the continuing Special Refund Fortnight the Central Board of Indirect Taxes and Customs (CBIC) said in a tweet past due ultimate night time. It requested exporters and traders to visit their jurisdictional GST workplace or Customs House/Port and settle pending claims during the Special Refund Fortnight from May 31 to June 14 2018. About Rs 14 000 crore of refunds of exporters have been stuck due to numerous mismatches and CBIC has organised the special fortnight to fast song clearances. The CBIC has also allowed clearance of GST refunds based on PAN of exporters if https://able2know.org/user/kuntarchuns/ such refunds are held up because of mismatch in GSTIN noted in delivery invoice and go back bureaucracy. Petrol charges on Saturday slashed by means of forty-forty two paise according to litre in Delhi Kolkata Mumbai and Chennai in comparison with yesterday s costs. Diesel costs were lowered via 30-32 paise per litre in step with Indian Oil Corporation s website. According to the new charge chart the revised petrol charge in Delhi is Rs 77.02 in step with litre in Mumbai it's far Rs 84.84 per litre in Kolkata it's far Rs 79.68 in step with litre and in Chennai it is Rs seventy nine.95 per litre on Saturday. The revised diesel rate in metro towns are- Rs sixty eight.28 in step with litre in Delhi Rs 70.83 per litre in Kolkata seventy two.7 in step with litre in Mumbai and Rs 72.08 in step with litre in Chennai.Here are 5 things to recognise about petrol diesel prices today:1. The revised petrol and diesel costs are relevant from 6:00 a.M. On June nine 2018.2. Prices had been reduced for eleventh consecutive day nowadays. The persevering with petrol price scale down has taken the fee discount toll to over Re 1 in the four foremost metros i.E. Delhi Kolkata Mumbai and Chennai. Desk border-top: strong 1px #ccc; border-left: stable 1px #ccc; border-right: stable 1px #ccc; font-size: 16px; desk th history-color: #f5f5f5; padding: 5px 10px; border-backside: solid 1px #ccc; border-proper: strong 1px #ccc; table td border-bottom: strong 1px #ccc; border-proper: stable 1px #ccc; padding: 5px 10px; line-peak:20px; desk td:closing-infant table th:ultimate-infant border-proper: none; / Media Query begin /@media best display and (max-width: 760px) (min-tool-width: 768px) and (max-device-width: 1024px) / Force table to now not be like tables anymore /table thead tbody th td tr font-size:14px; / Smartphones (portrait and landscape) ----------- / @media best display screen and (min-tool-width : 320px) and (max-device-width : 480px) body padding: zero; margin: 0; width: 320px; table thead tbody th td tr font-size:14px; desk th padding:4px; table td padding:4px; / iPads (portrait and panorama) ----------- / @media best display screen and (min-device-width: 768px) and (max-device-width: 1024px) body width: 495px; / Media Query END /MetrosPricesDelhi77.02Kolkata79.68Mumbai84.84Chennai79.Ninety five(Petrol prices according to litre on Saturday)3. These cuts come after sixteen consecutive hikes in petrol fees in May a month during which worldwide crude oil fees touched their 2014 peaks round 80 a barrel and the rupee slipped to an 18-month low of sixty eight.42 against the https://www.namestation.com/u/sh-aw-sh-aw-k-s-hawa-t US greenback.Table border-top: strong 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; table th heritage-color: #f5f5f5; padding: 5px 10px; border-bottom: strong 1px #ccc; border-right: strong 1px #ccc; desk td border-bottom: stable 1px #ccc; border-proper: solid 1px #ccc; padding: 5px 10px; line-peak:20px; desk td:final-toddler table th:remaining-toddler border-proper: none; / Media Query begin /@media only display screen and (max-width: 760px) (min-tool-width: 768px) and (max-device-width: 1024px) / Force table to now not be like tables anymore /desk thead tbody th td tr font-size:14px; / Smartphones (portrait and panorama) ----------- / @media simplest screen and (min-device-width : 320px) and (max-tool-width : 480px) body padding: zero; margin: 0; width: 320px; table thead tbody th td tr font-length:14px; desk th padding:4px; https://justpaste.it/2bkfw table td padding:4px; / iPads (portrait and landscape) ----------- / @media only display and (min-tool-width: 768px) and (max-tool-width: 1024px) frame width: 495px; / Media Query END /MetrosPricesDelhi68.28Kolkata70.83Mumbai72.70Chennai72.08(Diesel costs according to litre on Saturday) Comments4. During this era petrol expenses had been lowered by way of Rs 1.40 consistent with litre in Delhi Rs 1.38 per litre in Kolkata Rs 1.4 according to litre in Mumbai and Rs 1.48 per litre in Chennai Indian Oil Corporation records suggests. Five. Similarly diesel charges have been added down through Rs 1.3 per litre in Delhi and Kolkata every Rs 1.17 in step with litre in Mumbai and Rs 1.Three in line with litre in Chennai all through this era. Fuel charges had been slashed for the twelfth directly day nowadays. According to facts to be had on Indian Oil s website petrol https://visual.ly/users/shawshawkshawat3/portfolio and http://doodleordie.com/profile/huanejuane diesel expenses have fallen with the aid of 24 paise in line with litre and 18 paise per litre respectively in Delhi Kolkata. Mumbai saw a decline in petrol