Delhi Clears GST Refund Backlog: ₹694 Crore Disbursed to Traders
The Delhi government announced a massive clearance of outstanding Goods and Services Tax (GST) refunds, amounting to ₹694 crore, providing a significant “Diwali gift” to traders and businesses in the city.
Key Highlights of the Initiative
- Total Amount Disbursed: The government disbursed approximately ₹694 crore in delayed GST refunds.
- Backlog Cleared: This special drive successfully cleared the backlog of refund claims that had been pending with the department since 2019.
- Benefit to Traders: The timely release of the large amount of refunds significantly improves the working capital and liquidity for thousands of traders and businesses, particularly ahead of the peak festive and wedding seasons.
- Government’s Commitment: The initiative demonstrates the Delhi government’s commitment to improving the ease of doing business and enhancing the efficiency and transparency of the tax administration system.
Source :- Times of India