The Income Tax Department on Wednesday said due to the coronavirus (Covid-19) situation in the country and to grant immediate relief to taxpayers, the government has decided to issue all pending income-tax refunds upto ₹5 lakh and GST/Custom refunds with immediate effect.
The government will also issue pending GST and customs refunds of ₹18,000 crore to provide relief to business entities, the tax department added. "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", said Income Tax Department.