📢 GST REFUNDS TO GET FASTER?
📢 GST REFUNDS TO GET FASTER?
The GST Council has recommended significant changes aimed at improving refund processing and reducing the compliance burden on businesses.
🔹 Refund acknowledgement timeline proposed to reduce from 15 days to 10 days
🔹 90% of eligible claims proposed to be sanctioned through risk-based processing
🔹 Refund orders proposed within 3 working days of acknowledgement
🔹 Inverted-duty ITC refunds on input services proposed from 1 November 2026
🔹 Eligible plant and machinery ITC refunds proposed from 1 April 2027, spread over 60 months
💡 What does this mean for businesses?
Better liquidity, reduced blockage of funds and more predictable refund processing.
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NEHA K ARORA & CO
Chartered Accountants | Agra, Uttar Pradesh
For professional services, visit canehakarora.com or WhatsApp 9720887776.
Disclaimer: This post is for educational purposes and is based on media reports of GST Council recommendations. Please verify the applicable official notifications and rules before acting.
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