52,720 outstanding integrated GST reimbursement claims for more than one year: Anurag Thakur

NEW DELHI: up to 52,720 GST integrated ( IGST ) Reimbursement requests are pending for more than one year, State Finance Minister Anurag Singh Thakur reported Tuesday.

The reasons for this pendency include the non-submission of the documents required by the applicants, he said in a written response to Rajya Sabha.

Several companies requested the reimbursement of the Goods and Services Tax (GST) since the introduction of the tax regime, he said, adding that a total of 1.86,158 entities have submitted 36,42,272 requests for reimbursement, of which 34,46,010 requests for Refund have ended on December 2.

In response to another question, Thakur said that the direct net collection for the period from April to November 2019 was Rs 5.56,490 rupees, while for the corresponding period of the previous fiscal year it was Rs 5.47,711 million rupees, which indicates a growth in revenue. .

According to the estimated budget, direct tax collection for the current tax was set at Rs 13.35 billion rupees.

Of this, the corporate tax collection was set at Rs 7.66 billion rupees, while the personal income tax was set at Rs 5.69 billion rupees in 2019-20.

Answering another question, he said, to help clients recover losses incurred due to fraudulent transactions, RBI has issued instructions that provide zero liability to a customer if he or she informs the bank about an unauthorized electronic transaction within three business days after receiving information regarding the bank transaction.

The bank will credit the amount involved in said transaction to the customer's account within 10 business days from the date of customer information, he said.