Tax relief for exporters struggling to secure refunds for six months

Central Board of Excise and Customs Chairperson Vanaja N Sarna said exporters had made errors while filing refund claims. The payments solution the authorities are mulling is an e-wallet

The Goods and Service Tax (GST) Council on Saturday extended exemptions for exporters struggling to secure refunds for six months till end-September.
 
Last year, the Council had allowed the exemptions till March 31. Exporters have to pay the tax upfront and also integrated GST (IGST) on inputs imported for exports. The Council has decided to restore pre-GST tax exemptions on these.
 
Additionally, for merchant exporters, a special payment scheme at the rate of 1 per cent of procured goods was introduced.
 
Also, domestic procurement under advance authorisation, the export-promotion capital goods scheme, and export-oriented units were recognised