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TMI BlogGST - FTP Statement - Foreign Trade Policy 2015-20X X X X Extracts X X X X X X X X Extracts X X X X ..... GST - FTP Statement - Foreign Trade Policy 2015-20 X X X X Extracts X X X X X X X X Extracts X X X X ..... ax as announced in Budget 2015 is 1st April, 2016. The same was noted in FTP statement issued for Foreign Trade policy 2015-20. The relevant extract is as below: 1) One of Domestic Challenges - Good ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and Services Tax (GST) In the absence of a uniform system of indirect taxation in India, exporters are often unable to get a rebate or drawback on all indirect taxes paid on the exported product a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd the inputs that went into its production, significantly inflating the final price of the exported product and making it less price competitive. The GST which is to be implemented from 1 April 201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6 is expected to help Indian exporters significantly. The simplification and harmonization of the indirect tax regime of the country will reduce the cost of production and lead to a seamless, integrat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed Indian market, thereby making Indian trade and industry 2) Goals and Objectives To accomplish the objectives of FTP 2015-20, it is necessary to implement a uniform, rational tax structure whic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h can be in the form of GST. X X X X Extracts X X X X X X X X Extracts X X X X
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