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Perfect Sourcing Magazine - February 2018
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In this issue
GST REFUNDS BECOME A HURDLE FOR EXPORTERS…
IS THE GOVERNMENT RUNNING OUT OF MONEY?
The after-effects of GST have still not calmed down as, even after a lot of
confusion, anger, curiosity and anguish over the new taxation scheme, matters remain in a state of chaos. The industry welcomed GST after a few hiccups and filed all GST returns as required; however, the problem now is getting the IGST refunds, which have been pending for almost a year as of date. While big exporters are still able to handle the situation, the medium and smaller ones are the worst affected. The cash crunch is hitting them hard and they are now anxiously waiting for these refunds to bankroll their business. The industry, as a whole, has been subjected to unprecedented hardship. As per an internal estimate, only 30 percent of the claims for refunds have been met so far. Also, there is a fear that as much as Rs. 1,85,000 cr could get stuck with the Government. Read More...
Perfect Sourcing Magazine Description:
The leading publication for the Indian export textile & apparel Industry.The magazine is distributed free of cost at more than 30 national and international B2B fairs and exhibitions related to apparels, home textiles, hard goods, denims, machinery and, accessories. We have a good presence at industry conferences, seminars, symposiums, etc.With a circulation of 27,000 copies every month we offer you the opportunity to be in front of approx. 30,000 potential clients who are either the Chairman, MD’s, CEO’s CFO’s COO’s, Owners, production and merchandising teams in textile, home textile, fabric, testing, apparel, floor coverings, handicraft, rugs and retail market of India, who make decisions on company’s behalf.
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