Goods and Services Tax (GST) is one of the biggest taxation reforms in India and is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a National level. GST is all set to integrate the state economies and boost overall Growth.
Export Promotion Council for Handicrafts (EPCH) has organised a stakeholders consultation meet recently wherein representatives of Industry Associations and exporters gathered to discuss the implications of Goods and Services Tax (GST) on handicrafts sector.
EPCH has engaged the services leading Tax Consultant of national repute having expertise on GST matters to prepare a petition on behalf of handicrafts exporters to be submitted the GST Council, finance ministry.
A similar petition is also being forwarded through various state governments to the finance ministry so that the interests of handicrafts sector can be safeguarded. A meeting with Finance Minister Jaitley and other senior government officials is likely to be held shortly wherein the petition will be submitted.