Goods and Services Tax – GST – Dated:- 20-6-2017 – The 2nd reconstituted Board of Trade (BOT) Meeting chaired by Commerce and Industry Minister Smt. Nirmala Sitharaman was held today. Addressing the meeting she said the Government is fully seized with the concerns of the exporters and is engaged in intensive inter- departmental consultations with Department of Revenue and Ministry of Finance on their concerns related to GST. She directed the officers of the Department of Commerce, Department of Revenue and DGFT to consider all the issues appropriately for the Mid-Term Review of the Foreign Trade Policy (FTP). The meeting was attended by the representatives of Industry, Industry Associations, Export Promotion Councils and Commodity Boards.
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
as been in continuous interaction with the Department of Revenue in sorting out several issues of exporters relating to GST, and on the suggestion of Commerce and Industry Minister, it is in the process of reviewing the FTP to align it with the GST roll out. DGFT Shri A.K. Bhalla made a detailed presentation explaining the present trade scenario; existing export promotion schemes, efforts made by the Department of Commerce to address various issues of exporters with regard to GST and consultation with various stakeholders including exporters and industry association. He mentioned that while the Mid-Term Review of the FTP 2015-2020 launched on 01.04.2015 was due on 1st September 2017, the same has been pre-poned on the directions of Commerce
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =