New Delhi, Sep 5
In what comes as a relief to e-commerce exporters, the GST Council has approved DGFT’s proposal to eliminate the value threshold for GST refunds on low-value consignments.
The relevant section of the CGST Act, 2017 will be amended to allow refunds for exports made with payment of tax, regardless of value.
This long-awaited reform addresses the concerns of small exporters, particularly those shipping through courier or postal services, and is expected to greatly simplify procedures and facilitate low-value e-commerce exports, said Commerce Ministry.
The government has unveiled a set of GST rate rationalisation measures aimed at lowering costs, addressing duty-related distortions, and boosting competitiveness across diverse sectors such as paper, leather, wood, handicrafts, commercial vehicles, tractors, food processing, textiles, toys, and packaging materials.