Govt to issue all pending I-T refunds upto Rs.5 lakh immediately

Government has decided to issue all the pending income-tax refunds up to five lakh rupees immediately. This will benefit around 14 lakh taxpayers.

It has also been decided to release all pending GST and Custom refunds which will provide benefit to around one lakh business entities, including



MSME. The total refund granted will be approximately eighteen thousand crore rupees.

The decision has been taken in view of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals.