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

Last updated: 08 April 2020

Quick Summary
In response to the COVID-19 pandemic, the Indian government has announced the immediate release of all pending income tax refunds up to ₹5 lakh. This measure is expected to benefit approximately 14 lakh taxpayers. Additionally, all pending GST and Customs refunds will also be issued, providing relief to around 1 lakh businesses, including MSMEs. The total value of these refunds is estimated to be around ₹18,000 crore.

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. 

FAQ :

The government is issuing pending refunds to provide immediate financial relief to individuals and businesses impacted by the COVID-19 situation.

All pending income tax refunds up to ₹5 lakh will be issued immediately.

Approximately 14 lakh taxpayers are expected to benefit from the issuance of pending income tax refunds.

Yes, all pending GST and Customs refunds are also being issued.

Around 1 lakh business entities, including MSMEs, will benefit from the issuance of pending GST and Customs refunds.

The total value of the refunds to be granted is approximately ₹18,000 crore.



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