GST council proposals miss key credit issues faced by exporters
Exporters argue that the GST council's latest recommendations fail to address credit challenges tied to IGST paid via ICEGATE challans.
The recent GST council recommendations are praised for easing registration, speeding refunds and softening enforcement, but exporters say they overlook a critical need. They seek a mechanism to reassess or a clear input tax credit eligibility for IGST paid through ICEGATE challans, which would help regularise defaults under the AA and EPCG schemes. Without such provisions, the reforms fall short of resolving exporters' credit constraints.
Why it matters
Exporters' credit access affects India's trade competitiveness and the effectiveness of GST reforms.
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gst councilexportersinput tax crediticegate challansaa defaultsepcg defaultsgst reformstax credit eligibilityregistrationrefunds
