Record Goods & Services Tax Refunded; Minister

NEW DELHI: A number of companies applied for a Goods & Services Tax (GST) refund since the introduction of the tax regime. As on 02.12.2019, a total of 1,86,158 entities have filed 36,42,272 refund applications, out of which 34,46,010 refund applications have been finalised.


The Minister further said there are 52,720 IGST (Integrated GST) refund claims pending for more than one year. The reasons for this pendency include non-submission of required documents by the applicants.


This was stated by Anurag Singh Thakur, Union Minister for State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.