Cloud over e-wallet for exporters, mechanism may miss April 1 deadline


More than four months after its announcement, the proposed e-wallet mechanism to help exporters pay Goods and Service Tax has seen little progress and may miss its April 1 deadline, senior government and industry sources said.
Exporters has mooted the mechanism to the Finance Ministry, as a way to offer relief to the export sector, which continues to reel under a crippling liquidity crunch more than seven months after the GST was rolled out. The mechanism was even adopted by the government at the 22nd GST Council meet on October 6.

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