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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A team of GST officials reached the renowned Pushkar Fair in Rajasthan to keep an eye on tax compliance pertaining to sale of horses.
Despite rate rationalisation, the Goods and Services Tax (GST) collections rose 4.6 per cent (year-on-year) in the festive month of October at about Rs 1.96 lakh crore, the official data showed on Saturday.
Assam Chief Minister Himanta Biswa Sarma announced the state cabinet's decision on the collections from the film
Finance Minister Nirmala Sitharaman on Friday said GST officers should be polite and empathetic in dealing with honest taxpayers and asked them to use technology for faster registration approvals and grievance redressal.
Goods and Services Tax (GST) reforms will reduce costs and broaden markets for Ladakh's artisans, farmers, and tourism operators, and safeguard local crafts, the government said on Wednesday.
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