The government on Friday signalled to crores of small businesses after the 22nd GST Council meet that it's ready to make taxation a less painful exercise. The key feedback received was that post GST, exporters started facing problems in organising working capital. To address this problem, the GST Council in its meeting decided to start the refund process for July by October 10. The monthly to quarterly switch over for filing of returns for small businesses will kick off from October 1. ALSO WATCH | GST council meet: Exporters to get e-wallets from April, 2018, says Arun Jaitley

Source: India Today October 07, 2017 02:26 UTC