Quick Summary
In a big festive relief for Delhi's business community, Chief Minister Rekha Gupta on Sunday announced that the government will release Rs 1600 crore worth of pending GST refunds, some of which have been stuck since 2019. The refunds will be disbursed to traders ahead of Diwali 2025, ensuring greater liquidity and business confidence during the festive season. The announcement was made during a special meeting of the Department of Trade and Taxes (GST) at the Chief Minister's Civil Lines office
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FAQ :
£1.6 billion in pending GST refunds will be released to Delhi traders.
The refunds will be disbursed to traders ahead of Diwali 2025.
The Delhi GST department, in collaboration with IIT-Hyderabad, has developed an advanced IT module using data analytics and automation for quicker and more transparent settlement of refund applications.
The timely disbursements are expected to ease cash flow for traders, reduce litigation costs, accelerate Delhi's economic growth, and boost economic activity during the festive quarter.
Yes, a Traders' Welfare Board has been established with representation from Delhi's trading community to ensure their issues are addressed effectively.
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