Federation of Indian Export Organisations

Exporters worried over losing tax flexibility after IGST tweak

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Exporters worried over losing tax flexibility after IGST tweak

NEW DELHI: Exporters are concerned about the proposed amendments in the integrated goods and services tax (IGST) in the Finance Bill that have taken away the flexibility of exporting on the payment of the integrated tax. Earlier, exports could be made either on payment of the integrated tax or under bond. Citing liquidity crunch and … Read more

FIEO suggests government to issue showcause notice to risky exporters for tax refunds fraud

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FIEO suggests government to issue showcause notice to risky exporters for tax refunds fraud

NEW DELHI: The Federation of Indian Export Organisations (FIEO) has suggested the government to issue suitable show cause notices to ‘risky exporters’ who have fraudulently claimed refunds under integrated goods and services tax (IGST) but are untraceable now. “Government should further proceed in the matter by immediately issuing them suitable show cause notices. If they … Read more