Central board of excise & customs (CBEC) chairperson Vanaja Sarna has said that India's goods and services tax (GST) collections is likely to register a growth from April 2018 onwards and will cross Rs 90,000 crore per month. She also indicated that revenue collection from GST fell marginally to Rs 86,318 crore in January, from Rs 86,703 crore in December.
CBEC chairperson Vanaja Sarna has stated that those who did not come into the fray, should come into the fray. She said “Enforcement action will take place and you will get more people on board.” Besides, she noted that initial hiccups related to the new tax regime have been settling now and a lot has been settled. She added that all technologies that are required are there.
In a major relief to exporters and other taxpayers, CBEC has taken an initiative to observe a special drive 'refund sanction fortnight' across the country from March 15 to March 29 to deal exclusively with the pending GST refund claims. The exporters who have IGST refund or Input Tax credit (ITC) claim pending with the CBEC can visit the field offices where the tax officials will help them. The CBEC has already given refunds to the tune of Rs 5,000 crore but as much as 70 percent of total amount returned to exporters is still stuck, even after eight months of GST roll-out.