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Commerce Ministry wants exemptions for exporters to continue under GST

Ministry also wants the distinction between domestic tariff area and sez should be maintained under the new regime

Press Trust of India  |  New Delhi 

The Commerce Ministry has suggested to its finance counterpart that the exemptions given to exporters should continue under the new indirect tax regime, GST. The proposed procedure of paying taxes and then claiming the refunds by exporters under the Goods and Services Tax (GST) would cause hardships for them, said an official. A substantial amount of working capital would be locked in the process of paying duties and then taking refunds, he explained. The ministry also wants that the distinction between the domestic tariff area and special economic zones should be ...

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First Published: Sun, October 09 2016. 12:13 IST