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Last updated: 02 Jun, 2018  

Exports.9.Thmb.jpg Govt mulls more concessions to exporters, says media report

exports-new012010.jpg
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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.

The sectors under consideration for such concessions may include handicrafts, apparel and carpet sectors, added the report.

It 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 market.

The government recently launched a second 'Special drive Refund Fortnight' spanning from 31st May 2018 to 14th June.

Refund 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. 

 
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GST refund
Gurmeet Singh | Thu Jun 7 04:14:37 2018
This is just another joke.Since Feb 2018, I have been trying to submit refund application online to generate RFD 01, the portal is not working, I have complaint ticket number since then, without this, there cannot be any refund


GST REFUND
Sharad ganeriwalla | Wed Jun 6 23:15:53 2018
It’s now nearing a year and GST (ITC) has not been refund. This is killing MSME and SSI


 
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