A few days earlier, an entrepreneur intending to set up an export-oriented unit (EOU) asked me whether he should abandon the idea. For, he’d heard that the scheme in this regard might be scrapped under the coming goods and services tax (GST) regime.
Later, a finance head of an EOU called to ask whether GST exemption would be available for the inputs and capital goods he procures. A director at another company phoned later to ask whether the Advance Authorisation Scheme would continue. Another owner of an exporting company asked whether the new regime would allow GST payment through transferable
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