GST to help improve India’s exports: Sitharaman | business news | Hindustan Times
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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.

business Updated: May 20, 2017 16:17 IST
Nirmala Sitharaman,commerce and industry minister,GST
(PTI photo)

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.