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GST reforms to boost competitiveness of exporters across sectors

The removal of the value threshold for GST refunds will significantly benefit small and e-commerce exporters by making even low-value shipments eligible for refunds

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However, the exporter requested the government to look into the issue of putting chemicals that are used by tanneries in the higher 18 per cent bracket.

Shiva RajoraShreya Nandi New Delhi
The rationalisation of goods and services tax (GST) rates and simplification of procedures will lower costs, address duty-related distortions, result in faster refunds, ease liquidity pressures, and boost competitiveness for exporters across sectors.
 
The measures announced on Wednesday have come at a time when the US has imposed a steep 50 per cent tariff on several Indian-origin products.
 
The removal of the value threshold for GST refunds will significantly benefit small and e-commerce exporters by making even low-value shipments eligible for refunds. This will improve cash flow, reduce working capital