October 06, 2017: The all powerful Goods and Services Tax Council is meeting in New Delhi today, likely to decide on providing some relief to exporters in terms of faster refunds as well as compliance. According to officials, the full fledged meeting of the GST Council is also likely to assess the improvements in functioning of the GST Network.
Besides, the committee set up under Revenue Secretary Hasmukh Adhia on issues faced by exporters, is likely to submit its preliminary report to the Council. Based on that the Council is likely to recommend some relaxation for exporters so that their working capital which is locked up in refunds is released.
Meanwhile, Bihar Deputy Chief Minister Sushil Modi has appealed to the members of the GST council to consider difficulties being faced by the small tax payers. He said in Patna yesterday that under the current tax regime all tax-payers have to file monthly return, which is causing a lot of difficulty to small traders. He suggested that tax-payers with a turn-over of upto 1 crore 50 lakh rupees may be permitted to file return tri-monthly.(AIR News)
