New Delhi: The government has taken a major decision on Wednesday to give relief to the countrymen and businessmen who are struggling with the financial crisis from the nationwide lockdown by the central government to prevent the corona virus epidemic. The government has decided to immediately issue all income tax refunds up to Rs 5 lakh to all business entities and individuals.
Along with this all refunds pending in GST and Customs Department will also be issued. A spokesman for the Finance Ministry said that the decision to issue pending refunds of up to Rs 5 lakh would immediately benefit 14 lakh taxpayers.
The spokesman said that along with this it has also been decided to issue all pending GST and custom refunds. This will benefit about one lakh business entities, including small entrepreneurs.
