{"id":2414,"date":"2020-04-09T08:11:26","date_gmt":"2020-04-09T08:11:26","guid":{"rendered":"https:\/\/www.gstpractitioners.in\/blog\/?p=2414"},"modified":"2020-04-09T08:11:26","modified_gmt":"2020-04-09T08:11:26","slug":"all-pending-income-tax-refunds-upto-rs-5-lakh-gst-custom-refunds-with-immediate-effect","status":"publish","type":"post","link":"https:\/\/www.gstpractitioners.in\/blog\/all-pending-income-tax-refunds-upto-rs-5-lakh-gst-custom-refunds-with-immediate-effect\/","title":{"rendered":"all pending income-tax refunds upto Rs.5 lakh &#038; GST\/Custom refunds with immediate effect."},"content":{"rendered":"<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 690<\/span><\/div><p><span style=\"text-decoration: underline;\"><strong><span style=\"color: #0000ff;\"><em>Govt. has decided to issue all pending income-tax refunds upto Rs.5 lakh &amp; GST\/Custom refunds with immediate effect.<\/em><\/span><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">The Ministry of finance issued press note dated: 08.04.2020, regarding to release all pending income tax refunds up to Rs 5 lakh immediately, in a move that will benefit around 14 lakh taxpayers.<\/p>\n<p style=\"text-align: justify;\">The government will also issue pending GST and customs refunds of Rs 18,000 crore to provide relief to business entities.<\/p>\n<p style=\"text-align: justify;\">&#8220;All GST and custom refunds will also be released, which will provide benefit to around 1 lakh business entities, including MSMEs,&#8221; said the Department of Revenue under the Ministry of Finance, adding the total refund granted will be approximately Rs 18,000 crore.<\/p>\n<p style=\"text-align: justify;\">The decision has been taken in the aftermath of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, said a statement from the department.<\/p>\n<p style=\"text-align: justify;\">It has also been decided to issue all pending GST and Custom refunds which would provide benefit to around 1 lakh business entities, including MSMEs.<\/p>\n<p><strong><span style=\"color: #0000ff;\">Read Press Note here :<\/span><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2416 size-full\" src=\"https:\/\/www.gstpractitioners.in\/blog\/wp-content\/uploads\/2020\/04\/press-note-of-income-tax.jpg\" alt=\"\" width=\"840\" height=\"499\" srcset=\"https:\/\/www.gstpractitioners.in\/blog\/wp-content\/uploads\/2020\/04\/press-note-of-income-tax.jpg 840w, https:\/\/www.gstpractitioners.in\/blog\/wp-content\/uploads\/2020\/04\/press-note-of-income-tax-300x178.jpg 300w, https:\/\/www.gstpractitioners.in\/blog\/wp-content\/uploads\/2020\/04\/press-note-of-income-tax-768x456.jpg 768w\" sizes=\"auto, (max-width: 840px) 100vw, 840px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>690Govt. has decided to issue all pending income-tax refunds upto Rs.5 lakh &amp; GST\/Custom refunds with immediate effect. The Ministry &#8230;. <\/p>\n","protected":false},"author":1,"featured_media":2418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,55,30,37,44],"tags":[],"class_list":["post-2414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-covid-19-relief","category-gst-refund","category-gstp","category-income-tax"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts\/2414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/comments?post=2414"}],"version-history":[{"count":2,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts\/2414\/revisions"}],"predecessor-version":[{"id":2419,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts\/2414\/revisions\/2419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/media\/2418"}],"wp:attachment":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/media?parent=2414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/categories?post=2414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/tags?post=2414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}