’18 % GST on exports will create global disturbances’

Commenting on no extension being given on GST exemption notification, Cyrus Katgara, Partner, Jeena & Company, said, “18 per cent GST on air cargo exports will create global disturbances especially when there are no taxes levied on international freight. Indian exporters are also at a disadvantage with other countries. India’s ranking will go down on ease of doing business. India must be the part of mainstream international business as Indian economy integrates globally. Whereas international rules are concerned, and we must go with the international flow.”