Committed to Help GST Taxpayers in COVID-19 Situations: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) said that it is fully committed to help the GST taxpayers in the present COVID-19 situation.

Since 30th March 2020, CBIC has processed 12,923 refund applications involving claims worth Rs 5,575 Crore, while in the last week itself, CBIC has processed 7,873 claims worth Rs 3854 Crore.

The CBIC said that a trade and business friendly measure taken by CBIC vide its Circular No. 133 dated 31.03.2020 to help GST returns filers to facilitate early ITC refunds and to ensure that the wrong ITC claims are not processed in the absence of relevant information, is misconstrued in certain section of social media and other media as troubling the taxpayers in COVID -19 like situation

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