GST Council meeting: Businesses can now get 90% of claimed refunds in 13 days
BusinessLine 1 hr ago·8 Oct 2026, 2:19 pm
The Finance Ministry has announced a significant easing of the Goods and Services Tax (GST) refund process. The government has cut the time required to acknowledge a refund claim from 15 days to just 10 days. More importantly, businesses can now expect to receive 90% of their claimed amount within 13 days, a major reduction from the previous wait times.
This policy change is a positive step for the manufacturing and export sectors, which often face cash flow constraints due to delayed reimbursements. By accelerating the refund cycle, the government aims to improve liquidity for companies. For investors, this signals a continued push toward simplifying business compliance and reducing administrative burdens, which is generally viewed as supportive for economic activity.
Investors should watch for the implementation timeline and monitor whether these reforms lead to a measurable improvement in the cash flow positions of key sectors. While this is a broad-market development, it highlights the government's focus on easing the tax regime for businesses.
Excerpt from BusinessLine
Businesses will now be able to get 90 per cent of eligible GST refunds within 13 days. This was one of the several changes recommended by the GST Council on Thursday to speed up the refund process. The changes also allow refunds on input services and some capital goods under the inverted duty structure. The Finance…Read the original at BusinessLine
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