Commerce Ministry to make changes in export schemes after GST

Commerce Ministry to make changes in export schemes after GST

Latest News – The Commerce Ministry may have to make certain changes in the export related schemes due to the implementation of the Goods and Services Tax (GST), a senior official on Thursday said.

Director General of Foreign Trade (DGFT) A K Bhalla also said that the ministry is currently undertaking the stakeholders’ consultation for the mid-term review of the Foreign Trade Policy (FTP).

“There is going to be certain changes (in the FTP)” due to the implementation of GST, he said here at the function of Federation of Indian Export Organisations (FIEO) here.
“We have (to) re-write some of the schemes,” he added.

The GST will subsume excise, service tax and (Read More)

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