Exporters must carefully study GST notifications

Topics GST | exporters | Indian Economy

In response to my last Monday article (‘Notifications on GST exemptions puzzle exporters’), some readers have sought clarifications. Here, I opine on some of the queries raised by them.   The notification 54/2018-CT dated October 9, 2018, operates with prospective effect. In my opinion, the judgment of the Gujarat High Court in the case of Cosmo Films that it is effective from October 23, 2017, is incorrect. In fact, I think the judgment contains more errors.   The Department of Revenue Intelligence (DRI) has taken advantage of this judgment and asked exporters to pay.....

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