Govt may propose GST refunds on capital goods purchases to exporters

In a bid to alleviate exporters’ concerns amid an economic slowdown, the government is likely to propose changes to the  goods and services tax  (GST) policy to allow for the refund on taxes paid on  capital goods  purchases to exporters. Though this will need a resolution from the  GST  Council, the finance ministry may announce the proposal in the upcoming Union Bud…