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April opened the new financial year with GST revenues touching ₹2.36 lakh crore — the highest India has seen so far under the regime. That’s over ₹26,000 crore more than the same month last year, pointing to steady demand and stronger compliance. Most of the momentum came from IGST, backed by inter-state trade and imports. Refunds were notably higher too, with over ₹27,000 crore returned to taxpayers, a large chunk of it to exporters. On the state front, Maharashtra stayed on top, while the Northeast surprised with exceptional growth. This...

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FCR is a shipping term important for exporters and freight forwarders. FCR is a document that signifies the receipt of goods by the freight forwarder from the exporter. This document provides details of the number of packages, details of the goods being shipped, name and address of the buyers, etc.

Last updated on: Apr 3, 2024
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