Rs 22,000 cr GST refunds pending with govt: FIEO

As much as Rs 22,000 crore GST refund is pending with the government, creating liquidity problem for exporters and impacting overseas shipments, FIEO said on Wednesday.

Federation of Indian Export Organisations (FIEO) president Ganesh Gupta said the delay in refund is mainly impacting small exporters who provide jobs in labour-intensive sectors.

“Refunds of about Rs 7,000 crore are pending on account of IGST and about Rs 15,000 crore ITC  as of September 30. This is impacting small exporters,” Gupta told reporters here.