LUDHIANA: City exporters are furious over the delay in processing of their GST refunds. According to the businessmen, despite the central government’s claim that process of refunds has been made easier for exporters, their months-old refunds have still not been processed.
According to Jagbir Sokhi, president of sewing machine development club, “It is a very sad state of affairs when it comes to GST refund processing for exporters. Despite completion of all formalities, the refunds are not being processed timely by the departments and we are suffering as our capital gets blocked for months due to these long delays. There are several cases in our association itself where exporters’ refunds have been pending since as long as six months.”
Finance secretary of Ludhiana Sewing Machine Industries Association Jatinder Nagpal said, “We are facing a lot of problems in getting our old refunds. Moreover, with such a competitive scenario of exportsthese days we have fractional margin on our exports and even slight delay of single rupee of GSTmeans losses for us. We urge the government to take some concrete steps to resolve this problem soon.”
President of Chamber of industrial and trading entrepreneurs Kulwant Singh said, “Crores worth of GST refunds of exporters remain unpaid. Despite our repeated reminders to the departments, nothing has been done so far to do away with this problem.”
Source- Times of India.