In context of COVID-19 situation & to grant immediate relief to taxpayers, GOI has decided to issue all pending income-tax refunds upto Rs.5 lakh & GST/Custom refunds with immediate effect.@nsitharaman @nsitharamanoffc @Anurag_Office @FinMinIndia @PIB_India @cbic_india #StaySafe pic.twitter.com/sF0cU8WyA1
— Income Tax India (@IncomeTaxIndia) April 8, 2020
The Finance Ministry said that about 14 lakh ordinary taxpayers and traders will be paid immediate tax refund. Under this decision, taxpayers will have to pay about Rs. 18,000 crore will be repaid.