GST woes likely to hurt handicraft exports in 2017-18

GST woes likely to hurt handicraft exports in 2017-18

Problems related to refund of goods and services tax (GST) and slow demand in global markets would impact export of handicrafts and could lead to decline in shipment by about 3.5 per cent in the current fiscal year, the Export Promotion Council for Handicrafts (EPCH) said.EPCH Chairman O P Prahladka on Tuesday.He urged the government to immediately start refunds due to liquidity crunch faced by exporters.“About Rs 35 billion is stuck and it is impacting handicraft exporters, which are mainly in MSME sector.

The Business Standard, New Delhi, 21th February 2018

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