India’s GST Council Streamlines Refund Process, With 90% of Refunds Payable Within 13 Days

India’s GST Council has approved several changes to the refund process, allowing businesses to receive 90% of eligible GST refunds within 13 days. The deadline for acknowledging refund applications has been shortened from 15 days to 10 days. If no acknowledgment or deficiency notice is issued by the deadline, the application will be deemed acknowledged. Based on risk assessment, the system will issue 90% of the refund within 3 working days, down from 7 days previously.