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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Retail sales in November, however, eased by 3.1 per cent year-on-year, largely due to an early festive season that shifted demand into October's record-breaking sales period.
The International Monetary Fund (IMF) has declined Pakistan's request to immediately scrap the 18 per cent General Sales Tax (GST) on contraceptives, dealing a blow to the government's push to make birth control more affordable.
The report from ICRA Analytics said that retail sales grew 22 per cent yearonyear in November but eased 29 per cent from October's festive peak.
Kawasaki India has introduced a Rs 25,000 discount on the Versys-X 300, with the offer valid until 31 December 2025.
Qualified candidates must attend practical exams scheduled from December 2025 to February 2026 across various medical specialties as per the NBEMS announced timetable.
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