GST refund pendency drops sharply, easing working-capital pressure for exporters
As of March 31, 2026, only 64 GST refund claims worth about Rs 164 crore were pending for 60–90 days, while 110 claims worth Rs 64 crore were pending beyond 90 days. Automated IGST export refunds and faster provisional refunds are improving cash-flow timelines.
GST refund pendency has fallen sharply, with 64 claims pending 60-90 days and 110 pending beyond 90 days as of March 31, 2026. Automated IGST export refunds and 90% provisional zero-rated supply refunds aim to accelerate working-capital release.
Why this matters
The lower refund backlog extends GST's recent exporter working-capital improvement, following a prior signal on sharply falling refund pendency and strong June collections led by auto retail growth.
Retail-company signals are accelerating, up +229250% QoQ.