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Govt re-designing export benefit scheme to make it GST-compliant: Official

Prasad said the GST regime would help build competitive advantage by leveraging supply chain

Press Trust of India  |  New Delhi 

The government is re-designing the export benefit scheme Merchandise Exports from India Scheme (MEIS) to make it goods and services tax (GST)-compliant, a senior official said on Wednesday. Neeraj Prasad, Additional Commissioner, GST Cell, Central Board of Excise and Customs (CBEC) also said that the issue of working capital requirements under the new tax regime is being deliberated upon by the government. He said this while addressing Ficci's Executive Committee Meeting in New Delhi. Under the MEIS, the commerce ministry gives duty benefits to several products. It provides ...

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First Published: Wed, May 17 2017. 22:58 IST
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