Dhiraj Mahtaney, apparelize, MUMBAI
There is too much confusion on GST refunds. For example, if any company files for a GST refund we are then asked for declaration that no drawback has been claimed earlier. As per our thinking the GST refund is exclusive of drawback which has already been reduced by 6%, but so far we have no clear picture on the same. ROSL has been pending for over a year. Secondly, Bangladesh has a 10% advantage over us because they enjoy duty free preference in many countries. How can garment exporters survive when all their profits and capital is stuck with the government? 2% of the profit is stuck because the incentives do not come on time. All garment exporters are stuck with these issues and do not want to proceed further. Even if there are orders everyone is skeptical to accept those with the current situation. I foresee a drop of 30% in my sales this year.