New Delhi . The Central Board of Indirect Taxes and Customs has launched a special campaign to dispose of all pending Goods and Services Tax (GST) refund claims by the end of this month. Like the ongoing campaign for settlement of customs and duty refund claims, CBIC has started a 15-day special program on GST withdrawal.
The CBIC has directed all the Principal Tax Commissioners to pay attention to timely settlement of pending GST claims to provide immediate relief to companies especially micro, small and medium enterprises (MSMEs) in the difficult times of the second wave of Corona virus epidemic. At present, this sector is going through a very difficult period.
on the basis of priority-
The board said, it is directed that a special GST withdrawal settlement campaign be conducted from May 15, 2021 to May 31, 2021 for settlement of all pending GST withdrawal claims on priority basis. Also, 60 days have been got for settlement of claims of refunding the amount without any interest.
Disposal of GST Refund Claim-
The board said, however, that it is expected that all concerned central tax authorities will take the disposal of all pending GST refund claims on priority basis. It should be kept in mind that the refund claim should be disposed of within 30 days of receiving the application. It is expected that under this special campaign all GST refund claims will be settled by May 31, 2021.