GST refund pendency declines sharply as processing efficiency improves

The pendency of GST refund claims has come down significantly over the past two years as of March 31, 2026, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said 64 claims involving a refund amount of about Rs 164 crore were pending for more than 60 days but up to 90 days as of March 31, 2026. This is significantly lower than 90…