GST rates on 27 items reduced; relief for small traders and exporters
Sat, Oct 07, 2017, 08:51 AM
Three months after the rollout of the new indirect tax regime, the GST Council introduced a slew of reforms amid the festive season to woo traders and consumers. The GST rates were reduced on 27 items. In a relief to exporters, it was announced that returns for the month of July and August will be refunded through cheques from October 10 and October 18 respectively, Finance Minister Arun Jaitley said. Moreover, an e-wallet will be created for each exporter by April 1, 2018, to carry forward the process.