Abstract
Implementation of GST in a country like India is easier said than done. Now GST is a reality. The dust has settled down and some call in a pyrrhic victory. But the GST plant has grown new shoots. Rising imports have been eating into the profit of the SME players. Import barriers have been whittling down. So have the export incentives. Hence the researcher concludes that the government ensure that delays in the release of ROSL are avoided. ROSL disbursements and IGST refunds stifle the capital inflow for the units. The schemes are laudable but their inefficient implementation plays the spoilsport. None can pardon the delay that accompanies the disbursements of ROSL and refunds of IGST. The government should ensure that such delays do not hurt the textile players given that the GST regime has lent more transparency to the sector’s operations. Input tax credit or ITC is available in respect of all the tax paid on capital goods. Hence the units should import state-of-the-art technology to manufacture textile goods. The GST regime has almost done away with the duty drawback system. This will go a long way in promoting the export of textile products.
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