GST refunds of Rs 11,052 crore cleared; 29,230 claims disposed of

05:00:00 PM, Monday 25th of May 2020 | in business

The Central Board of Indirect Taxes (CBIC) said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown". The tweet added that 29,230 refund claims amounting to Rs 11,052 crore disposed of between April 8-May 24, the CBIC added. Refunds have been sanctioned while ensuring work from home, it added.