New Delhi, Sept. 5 -- The Government of India has introduced a set of Goods and Services Tax (GST) rationalisation measures aimed at reducing costs, correcting duty-related distortions, and improving competitiveness across multiple sectors, including paper, leather, wood, handicrafts, commercial vehicles, tractors, food processing, textiles, toys, and packaging materials.

A major relief for exporters came with the GST Council's decision to accept the Directorate General of Foreign Trade's (DGFT) proposal to remove the value threshold for GST refunds on low-value consignments.

The amendment to Section 54(14) of the Central GST Act, 2017, as outlined in the 56th GST Council meeting, will allow refunds for all exports made with payment of ...