GST to help improve India's exports: Sitharaman

 21 May 2017 - 12:09

GST to help improve India's exports: Sitharaman
The Minister of State for Commerce & Industry (Independent Charge), Smt. Nirmala Sitharaman addressing a press conference on the achievements of the Ministry during 3 years of NDA Government, in New Delhi on May 20, 2017. The Principal Director General (M&C), Press Information Bureau, Shri A.P. Frank Noronha is also seen.

IANS

New Delhi: Commerce Minister Nirmala Sitharaman on Saturday said the Goods and Services Tax (GST) will help improve India's export growth.

"The way the fitment discussions have happened in the GST Council and the way commodities and services have been treated, GST is only going to help in improving our exports," Sitharaman said here, briefing on three years of initiatives and achievements of the Commerce Ministry.

India's total exports rebounded with a growth of 4.95 per cent in 2016-17 despite a negative growth in services.

The GST Council on Friday announced the fitment of services and 1,211 goods in the GST tax rates, heading towards the July 1 rollout of the new indirect tax regime.