How soon will refund in respect of export of goods or services be granted during the GST regime?

1. In case of refund of tax on inputs used in exports:
   • Refund of 90% will be granted provisionally within seven days of acknowledgement of refund application.
   • Remaining 10% will be paid within a maximum period of 60 days from the date of receipt of application complete in all respects.
   • Interest @ 6% is payable if full refund is not granted within 60 days.
2. In the case of refund of IGST paid on exports: Upon receipt of information regarding furnishing of valid return in Form GSTR-3 by the exporter from the common portal, the Customs shall process the claim for refund and an amount equal to the IGST paid in respect of each shipping bill shall be credited to the bank account of the exporter.

(FAQ-7 : Exports)