GST refund of over Rs 20,000 crore pending, says FIEO

Refund of over Rs 20,000 crore on account of GST is pending with the government with more than half the amount stuck as input tax credit, Federation of Indian Export Organisations on Tuesday. “IGST exemptions are being made time to time which have led to instability. The exemptions should be made on a permanent basis,” said Ganesh Kumar Gupta, president,  FIEO . While claims over Rs 7,000 cro…