exporters could end up getting more credit in their accounts once the Goods and Services Tax (GST) is rolled out.—-सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील बातमी वाचावी.

Director general of foreign trade Ajay Kumar Bhalla on Friday said exporters could end up getting more credit in their accounts once the Goods and Services Tax (GST) is rolled out.

“Let us transit into a new regime. The foreign trade policy will continue as it is…You will get much more credit in your account,” Bhalla told exporters at an outreach event organised by the Federation of Indian Export Organisations here.

Exporters have raised concerns over the long time taken for refund of duties and stated that paying duties first and then seeking refund would result in blockage of working capital with the government. They have demanded ab-initio exemption from paying of taxes.

Allaying their fears, Bhalla said that the practical part of the implementation of GST will be simpler and the problem of blockage of working capital is only a one cycle issue.

via GST will give more credit to exporters: DGFT – The Economic Times

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s