CBIC to organise third edition of GST refund fortnight from July 16-30

The CBIC will organise the third tranche of its special fortnight drive from July 16 to 30 to fast track clearance of pending GST refunds of exporters. In the previous two fortnights, the Central Board of Indirect Taxes and Customs (CBIC) had cleared Rs 5,401 crore and Rs 7,635 crore refunds stuck with regard to Integrated GST (IGST) paid and input tax credit (ITC) claims. In case of IGST refunds…