LUDHIANA: The city-businessmen are a worried lot as they are not getting GST refunds timely. The state taxation department is already under fire for not renewing the e-way bill exemption limit of Rs 1 lakh.
Former president of United Cycle Parts Manufacturers Association Inderjit Navyug, said, “Due to the delay in processing of GST refunds, we are facing shortage of funds. First, we have to deposit the tax and then we have to run after the GST department to get our refund which is delayed for months. Two years on, the state department is yet to streamline the system which has become troublesome for us. Getting a refund from the state GST department has become a herculean task for us and we request them to streamline the system, else we will be forced to surrender our GST numbers.”
President of Fasteners Supplier Association Rajkumar Singla said, “Regardless of our repeated reminders to the state GST department to disburse refunds on timely basis to us nothing is being done in this direction and we are suffering as already we have limited funds to do business these days and huge amounts of money gets blocked with the taxation department as GST.”
Source- Times of India.