Exporters urge government panel to speed up GST refunds

Exporters told a high level government panel on Tuesday that that Rs 65,000 crore could get stuck in the July-October period if the current mechanism of refunds for the goods and services tax ( GST ) continues and asked the government to fast track the refund process to improve their liquidity situation . Exporters flagged their concerns on liquidity crunch and the loss of competitiveness of India…