In the context of the COVID-19 situation and with 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 would 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 will be approximately Rs. 18,000 crore.
(Also read: CBDT issues orders to mitigate hardships in compliance of TDS and TCS provisions)
(Also read: Verify any fact or news relating to COVID 19 on Govt website)
(Also read: GST Revenue Collection for March, 2020)
(Also read: EPFO issues revised instructions to facilitate PF members to rectify their Birth Records)
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