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Exporters facing GST refund issues as govt makes invoice matching compulsory for ITC

Many exporters are facing GST refund problems after a recent government circular said exporters would not be eligible for input tax credit refunds in cases where they are unable to match invoices from the suppliers. The government circular specifically mentioned that ITC refunds should not be granted on invoices that are not reflected in GSTR-2A. GSTR 2A is auto-populated information based on GSTR 1 filed by vendors. The government had waived off late fees for companies and suppliers to upload GSTR-1 form that led to several instances where the forms were not uploaded, and exporters were unable to claim ITC.

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