Twitter

Facebook

Youtube

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Rashtriya Sahara Roznama Sahara
Extend pre-GST duty drawback till June: Parliamentary panel
Last Updated : 19 Dec 2017 08:38:07 PM IST
(File Photo)
(File Photo)
 

A parliamentary panel has suggested that the government extend the duty drawback rates for exporters prevailing prior to the roll out of the Goods and Services Tax (GST) until June next year or till the revenue department fixes the revised rates.

In its report on the "Impact of Goods and Services Tax (GST) on Exports" tabled in both houses of parliament on Tuesday, the Standing Committee on Commerce chaired by Naresh Gujral (Rajya Sabha/Akali Dal) recommended that a formal mechanism be instituted for redressing the grievances of exporters. 

 

"In order to bring relief to the exporters, the Committee recommends that the Department of Revenue, Ministry of Finance extend the pre-GST duty drawback rates till June 30, 2018, or till such time the Department works out the revised duty drawback rates," the report said. 

 

"The Committee hopes that this will enable the exporters to overcome the problems being faced by them currently besides helping them to take a long term perspective while negotiating export orders," it added. 

 

Noting that the GST refund mechanism for exporters is "tardy and cumbersome" due to several operational issues, the committee also suggested that a simplified system for filing of refunds needs to be devised for the ease of doing business. 

 

_

_SHOW_MID_AD__



IANS
For Latest Updates Please-

Join us on

Follow us on


What binds the two most talked about nations - India and Pakistan together? What makes the

Bollywood actress Sonakshi Sinha is enjoying her marital bliss. On Monday, the actress too

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

172.31.16.186