Complaints emerge on new ST refund system

Some textile exporters have already rejected the new system of refund payments and have urged the govt. to establish an Escrow Account which should be jointly monitored by a leading chartered accountant firm to ensure prompt payment of sales tax refunds to export-oriented sectors. Exporters opine that the system is not only cumbersome but also takes a lot of time for fulfilling its conditions.

9/4/2019