While 2017 was a year of transition for businesses as India switched to a new indirect tax regime, 2018 may alleviate the struggles of exporters grappling with liquidity crunch, as the government plans ease the refund-claiming process. In its next meeting, GST Council—the apex decision making body of the new indirect tax system—may relax rules to claim Goods and Services Tax (GST) refunds from the Centre and states, said a senior government official. “Exporters are facing challenges claiming IGST (integrated GST) and input tax credit refunds, as the process is cumbersome. We are looking at easing these rules,” the official said. The Council will meet on January 18 in New Delhi.

While 2017 was a year of transition for businesses as India switched to a new indirect tax regime, 2018 may alleviate the struggles of exporters grappling with liquidity crunch, as the government plans ease the refund-claiming process. In its next meeting, GST Council—the apex decision making body of the new indirect tax system—may relax rules to claim Goods and Services Tax (GST) refunds from the Centre and states, said a senior government official. “Exporters are facing challenges claiming IGST (integrated GST) and input tax credit refunds, as the process is cumbersome. We are looking at easing these rules,” the official said. The Council will meet on January 18 in New Delhi.