SME Times News Bureau | 02 Jun, 2018
The Centre is considering to
roll out certain
concessions in rates and allowing additional input tax credits to
exporters, to help them get rid of the adverse impacts of goods and
services tax (GST), a news report said Saturday.
sectors under consideration for such concessions may include
handicrafts, apparel and carpet sectors, added the report.
also said the measures may include a likely reduction of rates on
finished carpets and expanding the list of duty-free imports of
essential embellishment to make them competitive in the international
government recently launched
a second 'Special drive Refund Fortnight' spanning
31st May 2018 to 14th June.
claims to the tune of Rs 14,000 crore (Rs.7,000 crore on the IGST
side and Rs 7,000 crore on account of ITC) are pending with the
Government as on date, as against the figure of Rs 20,000 crore
projected by exporters' body FIEO.