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Published on 28/09/2019 12:5 | Source: ANI

GST refund: 90% of overdue as on Aug 23 have been cleared, says FM Sitharaman

Posted in Business Videos| #Business

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New Delhi

Union Finance Minister Nirmala Sitharaman held a meeting with secretaries and financial advisors of key selected ministries in the national capital on September 27. The meeting was conducted to review total CAPEX (capital expenditure) by the ministries in 2019-20 till now and to plan for future CAPEX in current financial year. While addressing the media, Nirmala Sitharaman said, "Actual details will be given to you later but 90% of the overdue as on August 23 when I spoke about GST refund, have been cleared. Hopefully, 30-day limit is not crossed and I am sure Revenue Secretary will inform me but even in that we have kept the promise that refunds shall not be delayed."  "Capital Expenditure (CAPEX) is on track as per budget target. Government owes only Rs 20,000 crores dues that will be released by first week of October. Have asked all ministries and will ask Central Public Sector Enterprises tomorrow to prepare CAPEX plan for next four quarter," FM added.