Settle mismatched IGST refunds focus on recoverable arrears. CBEC Chief admits that number of IGST refunds are stuck due to invoice/other mismatch
The Chairman, Central Board of Excise and Customs in its latest communication dated 23rd February, 2018 inter alia acknowledged that number of IGST refunds are stuck due to invoice mismatch and other mismatches.
According to the letter, an interface has been developed in ICES where Customs officers can process refund claims and sanction refund. The CBEC Chief has requested all the concerned Chief Commissioners to ensure that all pending refund claims arising due to invoice mismatch or other mismatch which need rectification are processed and settled on a priority basis.
It has been advised that detailed Circular No. 5/2018 dated 23rd February, 2018 issued by the Board on the subject of Refund of IGST on Export– Invoice mis-match Cases-Alternative Mechanism with Officer Interface may be studied for taking further necessary action.
Also, the CBEC Chairman has drawn attention to the recovery of arrears as an area of concern requiring immediate attention. All Chief Commissioners have been asked to to focus on arrears that are not locked in litigation and are clearly recoverable.----------- Similar Posts: -----------