Open any link MoneyWiz. A corpus of Rs 20,00030,000 crore is under consideration, to narrow the input tax credit cycle and facilitate their working capital requirements. Help. Get GMR Infrastructure Ltd. Help is at hand for GST afflicted exportersA corpus of Rs 2. The government is mulling a dedicated fund to expedite timely refund of taxes paid on input for export, to address liquidity woes of exporters under the new goods and services tax GST regime. A corpus of Rs 2. It is in the initial stage of discussion that a designated fund be set up to help exporters with liquidity, as outbound shipments are already under stress, said a government official. Get JK Cement Ltd. He added the matter was discussed last week in the Hasmukh Adhia led committee, set up to address exporter concerns under GST. Of 18Sx Movies 2013 on this page. If approved by the panel, the proposal would go to the GST Council. Finance Minister Arun Jaitley will take a meeting of the Council next week through video conferencing. Ajay Sahai, director general of the Federation of Indian Export Organisations, said such a fund would address the problem of 9. Games Laptop Acer Gratis. We have, in fact, recommended an electronic wallet facility for refund purposes. But, that might take time, as GST Network the new levys information technology backbone is already under stress, he said. The extension of return filing deadline has added to the anxiety of exporters, as they fear working capital might get stuck for a longer while. A dedicated fund could help in this. Another solution being considered is completely exempting imported inputs that do not face basic Customs duty from Integrated GST IGST. Exporters have to pay IGST on import of goods and then claim refunds based on their scrips under the new tax system. A decision is likely soon, with worry of a slowing economy and job creation. Growth in gross domestic product slumped to a three year low of 5. Defranco Workout Program'>Defranco Workout Program. April June of this financial year. Exporters claim refunds worth Rs 6. July October period are stuck, but the government has denied this. In the Adhia panel meeting last week, various methods of resolving the issue of blockage of funds for exporters were discussed. The committee met exporters from eight sectors, who made detailed presentations. Authorities at state governments and the Centre were asked to clear the pending refund claims of central excise and value added tax for the pre GST period, to give quick relief to exporters. Despite all these complaints, export rose 1. August from a year before, up from 3. July. However, exporters say their order books are down and this would show on figures of outbound shipment in the coming months. Photograph Vivek PrakashReuters.