- Industrial bodies have threatened to go on strike from January 15 if pending GST refunds are not released.
- They demand immediate release of refunds stuck due to the inverted duty structure, which causes accumulation of refunds.
- The delay in refunds has created working capital deficits and increased financial burdens for businesses.
- Refunds have been pending for six months, and industry leaders insist the money belongs to them, not as a grant or subsidy.
- They urge the government to intervene and automate the refund process, warning of intensified protests if demands are not met.
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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