Taxpayers encouraged to quote these references against delay in processing of refunds under GST
Over the past year, there has been an upscale in exports & the business entities are in active participation to boost the exports. The momentum of such entities is trickled by a delay in the refund under GST law. A specific reference is drawn towards the taxpayers under the state government ( TNGST) either not received their refund on time or it is paid after endless delay. Even automatic refunds under export of goods are withheld in few cases. Refund from the goods or services exported act as a working capital for the businesses & it is the encouragement to provide to the global markets at competitive prices. Working capital is the backbone of the business & when the same is repressed for unknown factors the livelihood of the businessmen is affected which directly violates the right to life. The principle of zero rating is also defeated by loitering approval of refunds. The officer not acknowledging refund application on Form RFD 02 is evident that they sloth over the pr