Refunds of IGST paid on export of goods under Rule 96 of CGST rules 2017
In its 22nd meeting the GST council approved a major relief package for exporters. In a circular the council agrees unanimously to take possible measures to support the exporting community which earns valuable foreign exchange and provides employment in small and medium sector.
The council approves that by 10th Oct. 2017 the refund of IGST paid on goods exported in July would begin to be paid and refunds for subsequent months would be handles expeditiously.
The circular states that towards government commitment CBEC have already issued instructions to disburse the refund of IGST paid on goods exported out of India. Also with effect from 10th October 2017 the refund is getting disbursed for the export of goods made in July 2017.
The circular further states that the refunds have already been disbursed in cases where the exporter filed GSTR 3B and the information furnished by the exportersin the GSTR 1 and GSTR 3Bis matching with the details filed by them in shipping bills.
However in many cases the refund of IGST not done due to errors in the EGM/GSTR 1 return/ shipping bill. Some of the errors are Incorrect SB number in GSTR 1, Invoice number and IGST paid amount mismatch, EGM error and wrong bank account given to customs.
The GST council in its meeting also approved the GST rate of 0.1% for supplies to merchant exporters and notifications on Integrated Tax rate, CGST and UT GST rate have been issued.