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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Triumph may increase prices of the Speed T4, Scrambler 400, Thruxton 400 and other 350cc motorcycles in India from June 1, 2026.
Sitharaman defended the Centre's handling of rising fuel prices, saying the government had already taken a major revenue hit to shield consumers.
Petrol, Diesel Price Today: States that need more revenue keep fuel taxes higher as fuel remains one of the most reliable source of tax collection.
Top BJP sources told NDTV that the campaign will run till July 9 and will revolve around what the party calls the "12 Years, 12 Big Achievements" of the Modi government.
Under a 28 per cent GST framework, petrol prices could go down by nearly Rs 25 a litre; Diesel prices could reduce by around Rs 14 per litre.
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