The Comptroller and Auditor General of India (CAG), in its report on Indirect Taxes, stated that there is no proper system to review and post-audit to rectify the mistakes in granting refunds even after four years of implementation of GST. The report has stated that “timely refund processing facilitates the taxpayers by providing much needed liquidity and cash inflows. Audit examined GST refund cases processed and paid by the Central tax authorities pertaining to the period from July 2017 to July 2020. During the course of examination of records, Audit observed certain systemic and compliance issues in relation to grant of refund by the Department, which need to be addressed.”
Source Taxscan
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