The Goods and Services Tax (GST) Council, which is likely to meet for the first time after elections in the first half of this month, is likely to take up rationalisation of rates in the textile sector in line with the global markets.
Interest subvention for exporters, besides not picking up, goes against WTO norms. A solution is to extend it to all MSMEs.
NEW DELHI: Representatives of central and state governments, industry and exporters will meet on June 6 to discuss ways to boost exports amidst growing protectionism globally, an official said.
We were unable to claim MEIS benefit within three years of the shipping bill date. Is it time-barred? Is there any remedy?
The Goods & Services Tax Council may consider rationalising levy on textile items, a move that is expected to help the sector to be more competitive in the global market.
A Reserve Bank of India-appointed committee, headed by Nandan Nilekani, has said that digital payments have grown 10-fold over five years and has set a target for additional growth of 10x in three years.