COVID-19: Pending Income Tax and GST Refunds up to Rs 5 lakh to be issued by government

Last updated: 08 April 2020 Follow on Google News

Government of India
Ministry of Finance
Department of Revenue

New Delhi, the 08th April, 2020

In the context of the COVID-19 situation and a view to provide immediate relief to the business entities and individuals. it has been decided to issue all the pending income-tax refunds up to Rs. 5 lakh, immediately. This benefit around 14 lakh taxpayers. It has also been decided to issue all pending GST and Custom refunds 'which would provide benefit to around 1 lakh business entities. including MSME. Thus, the total refund granted be approximately Rs. 18.000 crore.

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

3654 Views Comment Share GST Report

News posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments