‘Levying GST on exports has resulted in financial liability on exporters’

Sunil Kohli, Managing Director, Rahat Cargo says, “Our government has all along been encouraging the shippers to accelerate their export activities which creates an economical growth within the country apart from yielding substantial foreign exchange. However, levying a GST on export products has resulted in an additional & avoidable financial liability on the exporters majority of whom have already been facing the fiscal roadblocks on various heads. And consequently, the businesses especially the SMEs have to encounter enhanced compliance requirements with multiple deadlines leading to higher administrative cost. The GST has many complexities with assorted tax rates & rules making it difficult for an average exporter to navigate without professional assistance which entails extra expenses. Moreover, certain products & services have become more expensive due to higher GST. Also, the GST portal has frequent technical glitches. It is therefore felt that the exports should be kept out of the GST regime.”