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GST Notification on Handicraft Exports to Ease Procedure for Exporters: EPCH
The Export Promotion Council for Handicrafts has welcomed the Government’s decision to ease the procedure for merchant exporters. Handicrafts merchant exporters can now purchase the goods from registered suppliers by paying 0.1% GST and amount paid as GST will be refunded within 90 days of the export transaction.
The issue of GST on Handicrafts is under scanner for last few months and this development is getting considered as a landmark move.
The full notification is available here.
Chairman, EPCH, Mr. O.P. Prahladkaha has said that the exports of handicrafts during the year 2016-17 was to the tune of Rs. 24,392.39 crores, showing a growth of 13.15% over the preceding year.
