Diabytes
GST exporters News
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So far, the government has sanctioned more than Rs 30,000 crore as GST Refund.
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In the pre-GST regime, the Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) scrips were allowed to be used to pay excise duty/ service tax on the procurements.
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The GST Council on Friday hiked the threshold turnover for the composition scheme that allows SMEs to pay 1-5 percent tax without going through tedious formalities.
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Many exporters were on the verge of closure due to draining of working capital, since blockage of funds on account of GST was exorbitant, he said in a press release.
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