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Into The Export Benefit Scheme GST Compliance Will Bring Changes

Export Benefit SchemeThe central government is working on the export benefit scheme MEIS to make it conformable with GST, said by a senior officer of GST cell.

Additional Commissioner, GST Cell, Central Board of Excise and Customs (CBEC), Neeraj Prasad, addressed the executive committee meeting of FICCI and to change under the GST tax regime he had talked about the need. Being addressed by the working capital requirements He talked about the government rethinking and for the same under the GST the issue of money.

From India Scheme (MEIS) many items under the Merchandise Exports The government provides duty cuts between 2%, 3% and 5% which depends on the product and country to which export is happening. The cost of logistics is high vis-¬a-¬vis the mature markets; adoption of GST will reduce the cost of production and distribution while manufacturing and trading activities at present times have a strong taxation orientation.

To execute the operations most efficiently the technology part of logistics, like advanced telematics, real-time vehicle tracking, and route planning which are great and efficient ways, said by him. For the trade and industry people Harsh Mariwala, Chairman of Ficci’s Task Force on GST talked about three-day workshops that are being planned on GST compliance in which training will be given. From June 1st week these workshops will be starting.