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The standing committee on finance sought that the government should initiate all possible structural and enforcement related measures to shore up goods and service tax (GST) collections, in order to make up for the compensation requirement for states amid loss in revenue collections due to the Covid 19 pandemic.
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Government to announce RoDEPT scheme rates soon
February 23, 2021 × Commerce Ministry has announced new scheme, RoDTEP, from January 1, 2021 to compensate exporters for the input taxes not reimbursed under existing schemes Concerned about the fate of exporters from the garments and made-ups sector who had to shift to the new incentive scheme, Remission of Duties and Taxes on Export Products (RoDTEP), from January 1 2021, the Textiles Ministry has sought details from the Commerce Ministry on the rates of reimbursement they will be entitled to, a source closely tracking the matter has said. “Exporters of garments and made-ups are nervous ...
Biopharma Hub to scale up manufacturing