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of <h1>India Rolls Out GST on July 1, 2017: Importers Can Claim IGST Credit, Exporters Get Refunds, Update Procedures.</h1> The Government of India issued Public Notice No. 34/2017 on June 29, 2017, detailing the rollout of the Goods and Services Tax (GST) starting July 1, 2017. The notice highlights the implementation of Integrated GST (IGST) on imports, with importers able to claim credit, and outlines the refund process for exports. Changes in customs law and electronic data interchange (EDI) systems are introduced to facilitate the new tax regime. Importers and exporters must update their procedures, including modifications to Bill of Entry and Shipping Bill forms, to comply with GST requirements. The notice emphasizes the importance of familiarizing stakeholders with these changes for a smooth transition.
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