GST Council Meet: Exports are Tax free for 6 months

The Goods and Services Tax (GST) Council, headed by the Finance Minister Arun Jaitely has discussed the issues of Small and Medium Enterprises (SMEs) and Exporters under the new indirect tax regime.
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While addressing the medias after the 22nd meeting of the Council, Mr. Arun Jaitely announced that tax refund for the months July and August will be given to the exporters from 10th and 18th of this month. The payment would be in the form of cheques, Jaitely said.
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Further, the exporters are exempted from the Integrated Goods and Services Tax (IGST) for 6 months.
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The Council has also decided to provide e-wallet facility for exporters from April 2018 onwards. Till then, the exporters required to give a nominal amount of 0.1 percent.
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“The Government is working to create an online platform for exporters”, Finance Minister said.
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REGARDS
ACA SOURAV BAGARIA