SME Times is powered by   
Search News
Just in:   • Tariff war: Now China hits back US  • HC rejects plea seeking formula of petrol pricing  • Provide relaxations to MSMEs on data protection laws: Study  • Maharashtra seeks Rs 50,000-cr for Mumbai development  • Not filed for consent settlement with SEBI: ICICI Bank 
Last updated: 22 Jun, 2018  

Rupee.9.New.Thmb.jpg IGST, ITC refunds: FIEO hails Centre's proactive approach

   Top Stories
» Provide relaxations to MSMEs on data protection laws: Study
» Modi to lay foundation stone of Delhi Convention centre
» 'Adopt ocean-centric approach to tap cross-border opportunities'
» Banks merger a positive move: FICCI chief
» Encourage greater value addition for MSMEs, Prabhu to G20
SME Times News Bureau | 22 Jun, 2018

Exporters' association FIEO on Thursday appreciated the large number of disposal of IGST and ITC refunds applications of exporters, by the Centre and the States, during the second clearance drive.

FIEO president Ganesh Kumar Gupta said that exporters deeply acknowledge the huge efforts of tax authorities during the clearance drive helping easing out their liquidity constraints.

He thanked Finance Minister, Revenue Secretary and Chairperson CBIC for their initiatives and close monitoring resulting in such success.

Gupta said that it is very heartening that tax authorities will continue to be in disposal mode even after the drive period, which will eventually eliminate pendency.

He, however, urged that the software for ITC refund may be modified immediately so that those exporters having ITC claim and exports in different months can file application since they are waiting for last 11 months.

The FIEO chief also suggested to move to a complete online ITC refund, on the lines of IGST, to reduce transaction time and cost.

Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 20 Sep, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(4)
» A GeM of opportunity(3)
» Collateral free loans available for MSMEs: Minister(1)
» GeM mission launched to promote MSMEs, start-ups: Prabhu(1)
» 'Skills university' AISECT sets up campus in Jharkhand(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter