Faster GST Refunds Could Free Up Businesses’ Blocked Working Capital
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Faster GST refunds could mitigate businesses’ financing pressures, Deloitte partner M Pandiyan wrote. Proposed reforms include quicker acknowledgements, automated checks and wider refund eligibility to release blocked working capital sooner.
Faster GST refunds could mitigate businesses’ financing pressures, Deloitte partner M Pandiyan wrote. Proposed reforms include quicker acknowledgements, automated checks and wider refund eligibility to release blocked working capital sooner.
Vocabulary
mitigate▾
कम करना / make something less severe
- Timely payments can mitigate financial pressure.
- Savings help mitigate unexpected costs.
- Better drainage can mitigate flooding.
- Clear rules can mitigate disputes.
#GST refunds#Working capital#Liquidity#Deloitte#Business financing
Source:The Times of India
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