SME Times News Bureau | 19 Apr, 2018
Commerce Minister Suresh Prabhu on Wednesday said that his
ministry will raise the issue of delayed Goods and Services Tax (GST)
refund to exporters.
Speaking at a meeting in New Delhi Suresh Prabhu assured industry
representative of taking up the issue of the GST refund with the
At a meeting here, Federation of Indian Export Organisations
(FIEO) representatives told the Minister that the refund filing
mechanism should become fully online and the pending GST refund
released immediately to help exporters get over the cash
Exporters are claiming that over 60 per cent of
their refunds are still stuck with the government and the delay has
blocked their working capital.
The Minister asked the FIEO
to prepare a detailed action plan for all the sectors and
sub-sectors, suggesting ways to promote their exports.
need a concrete plan to work on that," he said, adding the
Centre is involving the states to help increase exports.