E-Paper
GST to help improve India’s exports: Sitharaman
The way the fitment discussions have happened in the GST Council and the way commodities and services have been treated, GST is only going to help in improving our exports, says the commerce minister.
Updated on: May 20, 2017, 16:17:09 IST
Share via
Copy link
Commerce Minister Nirmala Sitharaman on Saturday said the Goods and Services Tax (GST) will help improve India’s export growth.
“The way the fitment discussions have happened in the GST Council and the way commodities and services have been treated, GST is only going to help in improving our exports,” Sitharaman said here, briefing on three years of initiatives and achievements of the Commerce Ministry.
India’s total exports rebounded with a growth of 4.95% in 2016-17 despite a negative growth in services.
The GST Council on Friday announced the fitment of services and 1,211 goods in the GST tax rates, heading towards the July 1 rollout of the new indirect tax regime.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
