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GST Council meet begins: Relief for exporters, small businesses likely

GST Council expected to look at ways to provide relief to exporters in terms of faster refunds as well as compliance

ANI  |  New Delhi 

GST council, Arun Jaitley
Photo courtesy: @FinMinIndia Twitter handle

The 22nd meeting of the goods and services (GST) Council has begun at the Vigyan Bhawan in New this morning.

Union Minister is presiding over the meeting.

The GST Council is expected to look at ways to provide relief to exporters in terms of faster refunds as well as compliance. It is also likely to focus on ways to improve the functioning of the

A committee headed by Secretary is expected to submit a preliminary report to the council on steps needed to provide relief to exporters. The council will then recommend some relaxation so that the working capital of exporters that is locked up in refunds is released.
 


Based on feedback received from business entities other structural changes in the new national regime are also expected to be considered.

Friday's review comes amid criticism over the way GST is being implemented.

Two days ago, Prime Minister Modi had promised that glitches in the GST system would be fixed. In this regard, he met Minister and Bharatiya Janata Party president Amit Shah on Thursday.

Meanwhile, Bihar Deputy Chief Minister has appealed to the council to consider removing some of the difficulties being faced by the small taxpayer.

Speaking in Patna yesterday, he suggested that with a turnover of up to 1 crore 50 lakh rupees may be permitted to file their returns on a tri-monthly basis.

The course correction comes against the backdrop of stinging attacks on the government for what the opposition and some in the BJP have alleged was a hurried and sloppy implementation of the mega reform.

First Published: Fri, October 06 2017. 11:58 IST
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