GST refunds: Already late, e-wallet to miss October deadline

The roll-out of an e-wallet mechanism for exporters under the goods and services tax (GST) regime may be delayed again beyond the proposed date of October 1, as the required systems are not yet in place, according to trade and official sources. As per the proposed e-wallet mechanism, a notional credit would be transferred to exporters’ accounts based on their past record and the credit can then be…