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The Federation of Indian Export Organisations (FIEO) has welcomed the GST Council's decision to process refunds within seven days, saying it will help ease liquidity pressure for exporters. Timely and predictable refunds are critical for maintaining India's export competitiveness amid global demand uncertainties. FIEO highlighted that the move to allow refunds below INR 1,000 will especially benefit e-commerce exporters. The exporters' body emphasized that effective implementation of these measures, along with ICEGATE facilitation for small taxpayers, will provide much-needed relief and strengthen confidence in India's export sector.
The Federation of Indian Export Organisations (FIEO) has praised the GST Council's recent decisions, emphasizing that the commitment to clear refunds within seven days will significantly help exporters manage working capital. The body noted that timely refunds are essential for maintaining competitiveness in India's export sector, particularly as global demand continues to remain uncertain and volatile. Advertisement
Ajay Sahai, Director General of FIEO, said that the exporters' body looks forward to continued cooperation with the government to ensure these measures are implemented smoothly at the ground level. He also mentioned that allowing GST refunds below INR 1,000 is an important step that will largely benefit e-commerce exporters, who often deal with a high volume of small-value transactions.
FIEO further highlighted that the GST Council's move to facilitate refunds for small taxpayers through the ICEGATE system will ease liquidity stress across the export ecosystem. The body emphasized that predictable and timely refunds are critical not only for operational cash flow but also for long-term confidence among exporters.
In recent years, exporters have faced challenges due to delayed refunds, which affected working capital and operational efficiency. The latest GST announcements are expected to address these concerns, ensuring that both large and small exporters have quicker access to funds. Industry stakeholders believe this initiative will improve overall confidence in India's export policies and strengthen the country's position in global trade.
Source PTI
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