GST refunds to exporters top Rs.12K cr, only 40% left

The second round of the dedicated period for clearing refund overdue of exporters under the goods and services tax (GST) regime may have seen Rs 12,000 crore settled by the government. Ganesh Kumar Gupta, president of Federation of Indian Exporters Organisation (FIEO), told DNA Money that the exporters’ body has estimated that around Rs 12,000 crore of the Rs 20,000 crore pending refund had been c…