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Expediting small tax refunds is a drop in the stimulus ocean

The government will pay out income tax and indirect tax refunds of up to Rs 5 lakh immediately. More needs to be done.

April 09, 2020 / 10:05 AM IST
Expediting small tax refunds is a drop in the stimulus ocean

The government has decided to expedite refunds to income tax payers—both individuals and businesses—as also GST refunds. The total refunds to be issued amount to Rs 18000crore. That’s not a small sum and the government press release terms the move as a relief measure for businesses and individuals affected by Covid-19. But does this qualify as a stimulus? Now, remember this is money that was already due to them, because these are pending refunds after the completion of tax assessment. While this...

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