Ahead of Diwali, Delhi govt disburses Rs 738 crore GST refunds for traders

The government has disbursed a GST refund of Rs 738 crore so far under this initiative, the CM said.

google-preferred-btn
To make the refund system faster and more transparent, officials said that the GST Department has developed an advanced IT module in collaboration with IIT Hyderabad.To make the refund system faster and more transparent, officials said that the GST Department has developed an advanced IT module in collaboration with IIT Hyderabad.

Delhi Chief Minister Rekha Gupta on Friday announced that traders across the Capital have begun receiving their GST refunds ahead of Diwali. The government has disbursed a GST refund of Rs 738 crore so far under this initiative, the CM said.

ARTICLE CONTINUES BELOW VIDEO

Further, Gupta said that the Department of Trade and Taxes has successfully cleared pending refund cases amounting to Rs 1,002 crore, of which Rs 738 crore has already been paid to business establishments and traders.

“The initiative not only strengthens taxpayers’ confidence but also promotes commercial activity in the Capital. The release of refunds around Diwali will enhance liquidity in the markets and inject fresh energy into the business environment,” said the CM.

Story continues below this ad

To make the refund system faster and more transparent, officials said that the GST Department has developed an advanced IT module in collaboration with IIT Hyderabad. The module leverages data analytics, automation, and swift verification systems, ensuring prompt settlement of refund applications, officials added.

Officials said that so far 8,259 refund applications have been processed, a record number including 7,409 claims below Rs 10 lakh. The prompt disposal of these smaller claims has provided much-needed relief to small traders and business owners across Delhi, officials added.

Stay updated with the latest - Click here to follow us on Instagram

© The Indian Express Pvt Ltd
Latest Comment
Post Comment
Read Comments
Advertisement
Top Stories
naxal
Roses, the Constitution, and posing for cameras: 210 Naxals lay down arms in Abujhmad, why it's a big deal
smita patil birth anniversary
EntertainmentSmita Patil was 'uncomfortable' dancing in the rain with Amitabh Bachchan, 'hurt' when Yash Chopra rejected her: 'That will be my end'
America vs India cost of living
TrendingAmerican woman reveals why India offers better lifestyle despite lower incomes: ‘Can afford far more with less money’
Suryakumar Yadav at Express Adda LIVE Updates:  Express ADDA with Surya Kumar Yadav along with Anant Goenka and Devendra Pandey in Mumbai on Friday evening. Express Photo by Narendra Vaskar
SportsSuryakumar Yadav at Express Adda LIVE: India captain to speak on T20 World Cup plans, batting and leadership
For the first time in history, a genocide was broadcast live, supported by Western powers, while the rest of the world stood helpless, unable even to deliver food, anaesthetics, or painkillers, or to stop starvation and agony.
OpinionPalestinian Ambassador writes: Gaza must not be erased
Express shorts
Only 9 tickets to EBCs is in stark contrast to the INDIA bloc and Congress’s EBC push with the Atipichhda Nyay Sankalp, a separate resolution for EBCs that Leader of Opposition Rahul Gandhi and RJD leader Tejashwi Yadav released last month. (PTI Photo)
As Mahagathbandhan stalemate continues in Bihar, a look at the Congress line-up till now
Political Pulse1 hr ago

Congress manages to take three seats from allies in Bihar, including Biharsharif in Nalanda district, Kumhrar in Patna, and Bachhwara in Begusarai district. Congress fields 49 candidates, looking to contest 60-61 seats while RJD wants to give only 54-55. Seat-sharing talks stuck as Congress wants more "winnable seats" and RJD has not officially released its list.

View all shorts
Live Blog
Loading Taboola...
Advertisement