The Central Board of Indirect Taxes and Customs (CBIC) is introducing PAN – based refund clearance for the exporters if such refunds are held up due to mismatch in GSTIN mentioned in shipping bill and return forms.
As much as Rs 14,000 crore worth of refunds due to exporters are stuck because of various reasons and the Central Board of Indirect Taxes and Customs (CBIC) is organising a special refund fortnight from May 31 to June 14 to fast-track clearance of dues.
a circular issued by the Board last day said that the refund should be cleared if the Permanent Account Number (PAN) mentioned in shipping bill and returns form GSTR-3B/GSTR-1 is same.
Mismatch in GST identification number (GSTIN) happens when the entity filing shipping bills is a registered office and the entity which has paid the Integrated GST (IGST) is a manufacturing unit.
The Board said that the entity claiming refund would have to give an undertaking that it will “not claim any refund or any benefit of the amount of IGST so paid”.
DG Systems have developed correction tool for sanction of refund in cases where PAN provided in the shipping bill is the same as in the return forms under the Goods and Services Tax (GST) regime, it said.
The Board has also extended the facility for manual interface to correct the mismatch in invoice details in shipping bills and GST returns.
Exporters can opt for manual correction for shipping bills filed till April 30, 2018.
“Keeping in view the difficulties faced by the exporters in respect of SB005 errors (mismatch in invoice details in shipping bill and returns), Board has decided to extend the facility of officer interface to shipping bills filed up to April 30. However, the exporters are advised to align their export invoices submitted to Customs and GST authorities for smooth processing of refund claims,” the CBIC said.
