Too many clamps still in Goods and Services tax rules

The finance ministry says the GST Council reviewed the progress in grant of refunds to exports of both IGST and Input Tax Credit

In its 26th meeting, the Goods and Services Tax (GST) Council decided to defer implementation of e-wallets for exporters, introduce a new return filing system, the reverse charge mechanism for certain types of transactions and tax deduction/collection at source, and introduce e-way bills for inter-state transactions from April 1.
 
Some problems of exporters remain unaddressed. The Council did decide to extend the present dispensation of Integrated GST (IGST) exemption for import by export-oriented units (EOUs) and under advance authorisation and Export Promotion Capital Goods (EPCG) authorisation till October 1 but did not address the devil in the details. The