Pending GST refunds, technical glitches continue to hold up exports

Uncertainty over tax refunds worth Rs 50,000 crore remains the most pressing issue

Five months after the roll out of the goods and service tax (GST) regime, exporters have pointed out that last mile, procedural issues continue to plague the sector due to the yet-to-be-updated filing systems and poor on-ground implementation of norms.

Difficulties in filing for export refunds and a plethora of new regulations and changing norms which continue to make the process of exports difficult, the Federation of Indian Exports Organisations (FIEO) have informed the Commerce and Industry Minister Suresh Prabhu.

They have also pointed out that most issues still revolved around the unreleased tax refunds under GST-the most pressing issue