A press release has been issued by PIB stating the statistics of Goods and Services Tax Refund as on December 02, 2019. A number of companies applied for a Goods & Services Tax (GST) refund since the introduction of the tax regime. As of December 10, 2019, a total of 1,86,158 entities have filed 36,42,272 refund applications, out of which 34,46,010 refund applications have been finalized.
This was stated by Shri Anurag Singh Thakur, Union Minister for State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today. The Minister further said there are 52,720 IGST (Integrated GST) refund claims pending for more than one year. The reasons for this pendency include the non-submission of required documents by the applicants.
Read More at: https://pib.gov.in/PressReleseDetail.aspx?PRID=1595762