Delhi Chief Minister Rekha Gupta has announced that the government will release £1.6 billion in pending GST refunds to traders before Diwali 2025. This move aims to improve liquidity and business confidence during the festive season. The Delhi GST department has also developed a new IT module with IIT-Hyderabad to expedite and enhance the transparency of refund processes.
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 greate
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Broadcasts
-
Daily E-Newsletter
-
Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member?
Login here
for an ad-free experience.
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.