India, Aug. 31 -- Chief minister Rekha Gupta on Sunday announced that nearly Rs.1,600 crore of pending GST refunds to traders in the national capital will be released before Diwali. These refunds have been pending since 2019.

"The previous government had failed to take any concrete measures towards the settlement of this long-pending amount. Taking serious note of the issue, we have issued clear directions that the entire refund be disbursed to traders before Diwali," Gupta said.

"The Delhi GST department, in collaboration with IIT-Hyderabad, has developed an advanced IT module to make the refund process faster and more transparent. This system, based on data analytics, data automation, and expedited verification, will ensure quicker se...