Business Standard

Despite 26% growth in September, exporters advise caution

Say easing of GST norms won't be reflected till November

exports
Premium

The sector has continued raising the issue of the refund mechanism for taxes paid under GST being difficult

Subhayan Chakraborty New Delhi
Even after exports rose by more than 25 per cents in September, economists and exporters alike have advised caution against celebrating the return of sustained trade growth.
Despite issues over liquidity, exports grew at a six-month-high rate of 25.7 per cent in September year-on-year, maintaining the momentum of 13 months of interrupted rise under the Goods and Services Tax (GST) regime. However, experts said the rise in September was drastic and do not reflect the supply side issues being faced by the industry.
The recent set of easing in GST norms which happened in October may take time till November or December

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in