GST: Relief for exporters, Narendra Modi govt says
refunds to be given within 7 days
In a major relief to exporters, the government has
agreed to refund as much as 90% of their duty claims
just within a week under the new goods and services tax
(GST) regime, commerce and industry minister Nirmala
Sitharaman said on Thursday.
The revenue department of the finance ministry has
agreed to even offer interest on the refund claim if
it’s unduly delayed, Sitharaman said after chairing the
meeting of the Council for Trade Development and
Promotion in New Delhi.
The commerce ministry had been vigorously taking up
this issue with the revenue department, so that the
concerns of exporters were addressed adequately before
the new indirect tax regime kicked in.
Commerce secretary Rita Teaotia also said the revenue
department has committed that 90% of the