Restrictive GST rules take effect

Many changes in the GST laws have come into effect from the beginning of this year

The Commerce Ministry has let the exporters start the New Year in a better frame of mind. The last date for filing applications for duty credit scrips under the Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS) is now extended till the end of January. Also, the applications for redemption of advance authorisations and issue of Export Obligation Discharge Certificates (EODC) can now be filed manually.
 
Many notifications have been issued under the Customs, Excise and Goods and Services Tax (GST) laws to align the entries with the new Harmonised System of Nomenclature (HSN)