- Exporters labeled as ‘risky’ face significant impacts on operations, cash flow, and credibility
- Designation as risky exporter can lead to stringent checks and balances, affecting tax refunds and export benefits
- Regulatory authorities like CBIC identify risky exporters based on data analysis of GST, Income Tax, and foreign trade transactions
- Procedure for extension of export realization period can impact exporters’ ability to meet timelines
- Criticism exists over lack of transparency and promptness in tagging exporters as risky
- CBIC utilizes analytics and compliance data to identify risky exporters
- Understanding All About LUT for GST Exporters is crucial for exporters engaged in GST-exempt supplies.
Source: ahujaandahuja.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
