GST Refund: In a big Diwali gift for traders, the Delhi Government has announced that it will release nearly ₹1600 crore worth of pending GST refunds, stuck since 2019, directly into the accounts of traders before the festive season. The announcement was made by Rekha Gupta, highlighting the government’s commitment to ease the financial burden on Delhi’s business community.
Delhi Govt to Release ₹1600 Crore Pending GST Refunds Before Diwali, Announces Major Relief for Traders
According to Gupta, this long-pending refund was unfairly delayed for years by the previous administration, causing hardship to traders who had been waiting to receive their rightful dues. She emphasized that traders’ hard-earned money had remained blocked, affecting their businesses and working capital needs.
Delhi Government has now decided to clear the entire refund amount before Diwali 2025
The Delhi Government has now decided to clear the entire refund amount before Diwali 2025, ensuring that traders and business owners can celebrate the festival of lights with greater joy and financial stability.
To make the refund process faster and more transparent, the government has also developed a new IT system in collaboration with IIT Hyderabad. This advanced system is designed to process applications quickly, fairly, and without unnecessary delays, ensuring that every trader receives their dues in a timely manner.
Rekha Gupta further stated that this decision reflects the government’s broader vision to respect Delhi’s traders, promote ease of doing business, and accelerate economic growth in the capital city.
The move has been widely welcomed by the trading community, as it not only provides immediate financial relief but also signals the government’s intent to support entrepreneurs and strengthen Delhi’s economy. With the upcoming festive season being a crucial time for trade and commerce, the release of refunds is expected to boost confidence and cash flow among businesses.
This proactive step by the Delhi Government reaffirms its focus on building a trader-friendly environment and fostering long-term prosperity in the capital.
