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Fast-track GST refund, else ₹ 65K cr may be stuck: Exporters

Goods and Services Tax - GST - Dated:- 20-9-2017 - New Delhi, Sep 19 (PTI) Fearing that a staggering ₹ 65,000 crore could get stuck in GST refunds, exporters today asked the government to fast-track the refund process and avoid further deterior .....

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und does not start flowing immediately then about ₹ 65,000 crore would be stuck by the end of October. This will further deteriorate exporters' liquidity situation, FIEO Director General Ajay Sahai told reporters after the meeting. He hoped .....

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he initial simplified returns which businesses have to file, GSTR-1 is the final sales return to be filed every month. Engineering Export Promotion Council board member P K Shah said with the ensuing festive season it is important that the authoritie .....

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eed immediate refund of taxes. The Gems and Jewellery Industry demanded exemption from Integrated GST (IGST) on procurement of precious metals from the nominated agencies for the purpose of manufacture and export of jewellery. They also sought a corr .....

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n September 9 decided to set up a committee under Adhia to look into the issues faced by the export sector. In its presentation before the committee, the FIEO stated that huge capital is blocked in refund and exporters will have to pay GST for July t .....

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