Summary:
The state taxation department should pay interest to us for the delay in paying us back our own money.” But at the same time, they are demanding the government allocate more funds for refunds, as there is still a huge backlog of pending refunds, especially those related to VAT. LUDHIANA: A day after the state government ordered the release of Rs62 crore for disposing of VAT and GST refunds, businessmen heaved a sigh of relief. Though the government has acted, it is very late, and it should now be ensured that refunds are disposed of on a ‘first-come, first-served’ basis, and not out of turn.”According to Brijesh Vohra, a sewing machine manufacturer: “Our VAT refunds worth lakhs are pending with the state taxation department. So, releasing Rs62 crore for the entire state will still not solve Ludhiana’s problem, which has pending refunds of over Rs100 crore.”Speaking to TOI, Narinder Bhamra, president of Fasteners Manufacturers Association of India (FMAI), said: “Our VAT refunds are pending with the state taxation department for a very long time now..