Monday, 18 September 2017

The meeting of "Committee on Exports", constituted by GST Council will be held tomorrow.


GST Council :
The meeting of "Committee on Exports", constituted by GST Council will be held tomorrow. Representatives from 8 Export Promotion Associations will discuss about difficulties faced. The meeting will be conducted in the presence of Revenue and Commerce Secretaries. Certain recommendations are expected to emerge from tomorrow's meeting of "Committee on Exports".
These are the exporters who have felt the real heat of GST, many of them are out of funds now, have exhausted even their Bank Limits. Finance Ministry simply ignored recommendations of Commerce Ministry while implementing GST related to exemptions and reliefs under old tax regime. Expectations are exemption to Small Exporters and Exporters of Services from Bond/LuT, Relief to Importers from paying IGST, if Material Imported to be used for Export within specific period of Time. Fast Refund Processing etc. Wait and Watch, Meeting turn to be just a formality or bring smile on the face of Exporters. Thanks.

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