Govt. clears ₹38,062 cr. in GST refunds

The government has cleared pending GST refunds to the tune of ₹38,062 crore to exporters so far, the Central Board of Indirect Taxes and Customs said on Wednesday. “In all, ₹21,142 crore (IGST refunds), ₹9,923 crore (RFD-01A refund by CBIC) and ₹6,997 crore (RFD-01A refund by states), all totalling ₹38,062 crore has been sanctioned till June 16, 2018,” the CBIC said in a statement.  During th…