Tag: inverted duty structure
GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concerns
New Delhi: The inverted duty structure resulting from rate changes under the Goods and Services Tax (GST) 2.0 regime is hurting companies especially in the…
National input cost reduction strategy to check inverted duty structure
A national input cost reduction strategy is crucial to check the inverted duty structure, the Economic Survey said as it suggested a Swadeshi (indigenous) framework…
GST rate rationalisation has largely fixed inverted duty structure, says Sitharaman
Finance minister Nirmala Sitharaman on Tuesday said the recent goods and services tax (GST) rate rationalisation has “largely corrected” the inverted duty structure faced by…
CBIC allows 90% provisional refund for IDS claims
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) has instructed its field formations to sanction 90% of the refund amount claimed on…
GST rate cuts to benefit 10 crore dairy farmers: Ministry of Cooperation
New Delhi: The Goods and Services Tax (GST) rate cuts on dairy products, farm inputs, and food processing items will directly benefit over 10 crore…