The GST Council in its 22nd meeting today announced a slew of relief for exporters, some of whom are facing working capital squeeze due to delayed tax refund. Finance Minister Arun Jaitley, who heads the Council, said that the refunds for exporters will be expedited. For July, refund cheques of exporters will be processed by October 10 and for August exports by October 18. Mr Jaitley also said that an electronic wallet (e-Wallet) will be set up by April, 2018 for refunds to exporters. Exporters will get a notional advance amount in their e-Wallets and it will be later offset with tax refunds.
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Refunds cooled, slipping 3.1 percent to Rs 22,665 crore. Domestic refunds fell 7.1 percent, while export refunds inched up 2.9 percent.
FM Nirmala Sitharaman Speech: Nearly Rs 1 lakh crore has evaporated from the ITC's market value in a month as the stock plunged close to 20 per cent after the sharp cigarette tax hike unveiled in late December.
Key changes from February 2026: FASTag KYC verification will be removed; banks will verify vehicle details at activation. Check Details
GST Portal is the final destination for GST registration, return filing, tax payments, refunds, and other compliance-related activities. It is the official platform for interacting with GST authorities. Here is a step-by-step guide on how to log in to the GST portal. Users can verify their identity using the OTP sent to their registered mobile number or email.
In a sharp escalation of the row involving Shankaracharya Swami Avimukteshwaranand Saraswati and Yogi Adityanath, an Ayodhya bureaucrat has resigned, saying he is doing this in support of the Uttar Pradesh chief minister, the PM and the Constitution.
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