Shipments rose riding on services growing 17.7 per cent to $166.7 billion, masking the 8.1 per cent decline to $218.7 billion in merchandise exports. Data shows a decline due to weak global demand and losing competitiveness in labour-intensive sectors
The GST Council has exempted small businesses making intra-state supplies through e-commerce platforms from taking GST registration if their turnover is below Rs 40 lakh in case of goods and Rs 20 lakh in case of services. The rule will kick in from October 1.