Processing of pending refunds by CBIC to help taxpayers in amid COVID-19 situation

CBIC has processed 12,923 refund applications involving claims of Rs. 5,575 crore since March, 2020. In order to reduce delay in processing refund claims, classification codes of services/capital goods on is made part of refund application. Bunching of tax periods across financial years is allowed on applications filed after 31.03.2020. Due date of all such applications falling during the period 20-3-2020 and 29-6-2020 extended to 30-6-2020.