“The amendment to rule 96 (10) on claiming refund of IGST on exports is a big blow to the advance authorisation users.

It gave relief to some exporters for making their trapped credits available, which is a cash flow issue for businesses, but the amendment in the law would impact credits and consequently the business economics. While this is the first writ, many such players are struggling throughout the country for this hardship which appears to be an unintended omission."

Suresh Nandlal Rohira
Partner, Grant ThorntonIndia LLP

This article appeared in Economic Times on 28th November, 2018.