Lever­age IT

The Economic Times - - Finance & Commodities -

The way for­ward is to smartly lever­age in­for­ma­tion tech­nol­ogy to digi­tise trans­ac­tions and speed up trade fa­cil­i­ta­tion. Be­sides, it can­not be gain­said that GST would put paid to cas­cad­ing ef­fects of mul­ti­ple taxes, re­duce costs and make our ex­ports more com­pet­i­tive go­ing for­ward. The two main ex­port pro­mo­tion schemes, Mer­chan­dise Ex­ports from In­dia Scheme (MEIS) and Ser­vices Ex­ports from In­dia Scheme (SEIS), do need to be bet­ter aligned with the GST regime.

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