Thursday, 15 March 2018

GST impact on exporter

GST impact on exporter ....... GST is ONE tax One Nation to simplified tax procude for bussiness comunty & aslo give us eliminate cascading effect of Duty . Now let disscuss about impact of export or expoter after GST i will disccus in detail about Schemewise 1) Export Procedure ..... 2) Export Scheme 3) utilisation 4) Cost of production 5) Utilisation of Scrip after GSt MEIS .......used only payment of Customs duty Advance autherisation is only used for exemption customs duty & pay other duty IGST but you will get refund after export In EPCG scheme you can avail only to pay Customs duty & other duty you have pay .but credit on that is not clear . So we can see here Cost of product has incresed for Export due More capital required for completiong their export order Now Cost of capital has increased ..............................so we can reduce cost of capital by reducing of interest rates so cost of borrowing can cheaper & make their product more competitive .... In GST Era we should learn to Pay Even you Exporter as Earlier Govt Policy maker believe we have to export product not duty ...................Other Part in Next article

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