Experts split on GST refund reforms and liquidity gains
In short
Tax experts said new GST refund reforms could unlock between Rs 25,000 crore and Rs 60,000 crore for companies. The plan is meant to speed up refunds and make it easier to claim input tax credit.
This matters for businesses that need cash for day-to-day operations. The report does not say when the reforms will take effect or whether the estimate is final.
What the reporting says
Tax experts said proposed GST refund reforms could free up between Rs 25,000 crore and Rs 60,000 crore for India Inc, according to an Economic Times CFO summary. The reporting says the plan would speed refunds and widen input tax credit eligibility to ease working capital pressure on businesses. The exact policy text and timing are not stated in the available reporting.
Why it matters
Proposed GST refund reforms were described as potentially releasing Rs 25,000 crore to Rs 60,000 crore for India Inc, according to an Economic Times CFO summary. The source says faster refunds and wider input tax credit eligibility are intended to ease working-capital pressures on businesses. The reporting also says experts differ on the scale of gains, and it does not state the final policy or implementation date.