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I-T Dept to release all pending tax refunds up to Rs 5 lakh immediately

The move is aimed at helping many overcome cash crunch due to nationwide lockdown, and is expected to benefit 1.4 million taxpayers

Topics
Coronavirus | I-T refund | GST refund

Dilasha Seth  |  New Delhi 



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M S Mani, partner, Deloitte, said, “Businesses, which have borne the brunt of the lockdown, would be enthused at the prospect of getting GST refunds enabling quicker resumption of operations.”

In a relief to businesses and individuals, the government has decided to issue pending refunds for income tax, (GST) and customs worth Rs 18,000 crore immediately to benefit scores of taxpayers amid lockdown in the country. The move is aimed at helping many overcome cash crunch due to temporary closure of shops and business operations as well as delayed salaries and job losses.

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First Published: Wed, April 08 2020. 22:14 IST

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