The Central Board of Indirect Taxes and Customs (CBIC) on Monday has extended the time limit for sanction of pending IGST refunds in such cases where records have not been transmitted to ICEGATE, due to GSTR-1 and GSTR-3B mismatch error.
This facilitation was issued vide a circular and would be applicable to all shipping bills filed up to March 31, 2021.
It claims that such an initiative will address the problem of refund blockage by allowing refunds subject to undertakings/submission of CA certificates by the exporters and post refund audit scrutiny.
The CBIC has also extended the facility for resolving invoice mismatch errors (classified as SB-005 error) through the customs officer interface on permanent basis. Earlier, this facility was provided for a limited period i.e. in respect of shipping bills filed up to December 31, 2019.
The Board has continuously taken a proactive approach to resolve issues faced by the trade.