World Bank : Exporters facing significant shrinkage in their working capital under GST; their ability to take new orders are restricting

Exporters are facing significant shrinkage in their working capital under the new system which is restricting their ability to take in new orders, said a World Bank Report on Challenges of the Goods and Service Tax (GST) implementation in India. The report suggested that reducing the cash flow burden on exporters and reducing cases of refunds would require immediate policy interventions. A Goods a…