News
The more things change, the more they remain the same. Just look at GST's whipping boys
- Date:
- February 28, 2018
- Source:
- Economic Times
Exporters have been made the whipping boy for delays in goods and services tax (GST)-related exports refund. An exporter who is hard-pressed for liquidity and burdened with high cost of credit would like to claim his refund as early as possible. Instead, exporters refusing orders are now unable to pay their suppliers and are being compelled to cut jobs because of an extreme liquidity crunch. A you…