Avalara > Blog > Goods and Services Tax > CBIC clears Rs 11,052 crore GST refund claims since April 8

CBIC clears Rs 11,052 crore GST refund claims since April 8

  • Jun 1, 2020 | Divita S Gupta

The Central Board of Indirect Taxes (CBIC) recently in a tweet announced clearing of 29,230 GST refund claims worth ₹11,052 crores in 47 days. These refunds have been processed at an accelerated speed to provide relief to approximately 1 lakh businesses suffering during the COVID-19 pandemic and subsequent lockdown.

As per the GST Law, the authorities can take up to 15 days for issuing acknowledgement or deficiency memo and up to 60 days for disposing off refund claims without any liability to pay interest but keeping the current situation in mind, the GST authorities are processing the claims at a much faster rate than usual. 

Avalara helps businesses of all sizes get GST return filing, e-way bill generation and e-invoicing right with cloud-based GST compliance solutions in India. Goods and Services Tax (GST) rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Avalara Author
Divita S Gupta
Avalara Author Divita S Gupta
Divita has served as a writer and editor for top financial services organizations in India. She has written on topics like mutual funds, insurance, taxes, SME financing for globally recognized banking and financial organizations including ICICI, Aditya Birla Group, News Corp. With a Masters in Business Administration from Symbiosis International University, she currently owns a small business in Mumbai.

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