News
Trade rules to take care of GST woes
- Date:
- August 26, 2017
- Source:
- Telegraph India
The capital crunch faced by exporters following the implementation of the goods and services tax could be addressed when the foreign trade policy is reviewed next month. Under the GST, exporters will have to first pay the required duty and seek a refund. According to estimates, exporters' working capital of up to Rs 1.85 lakh crore annually could get stuck because of the refund process. "The conce…