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Indian benchmark indices close negative on Wednesday

Indian benchmark indices close negative on Wednesday

India Blooms News Service | @indiablooms | 29 Nov 2017, 04:16 pm

Mumbai, Nov 29 (IBNS): The Indian market ended lower on Wednesday with BSE Sensex down 15.83 points at 33602.76,and NSE Nifty down 9.00 points at 10361.30.

Top gainers on Wednesday included Bosch, Bharti Infratel, Adani Ports, Sun Phara, HUL, Tata Steel, Wipro and Bajaj Auto while Axis Bank, idea Cellular, Zee Entertainment, Hindalco, HDFC, Asian Paints, SBI, TCS and Vedanta declined.

Meanwhile, the Union Ministry of Finance, on Wednesday, said that exporters have been advised to file Table 6A and GSTR 3B for processing of Integrated Goods and Services Tax (IGST) Refund and for Refund of the unutilized Input Tax Credit.

Errors by exporters while filing their returns are the sole reason for delay in grant of refunds or rejection thereof, the ministry said.

The Ministry said that the Union government has taken various measures to alleviate the difficulty and is fully committed to provide speedy disbursal of refunds due to exporters. 

The ministry has clarified that the quantum of IGST refund claims as filed through Shipping Bills during the period July to October 2017, is approximately Rs. 6,500 crore and the quantum of refund of unutilized credit on inputs or input services, as per the RFD 01A applications filed on GSTN portal, is to the tune of Rs. 30 crore.

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