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HomeGST NEWSGST Council to fix inverted duty anomalies this month

GST Council to fix inverted duty anomalies this month

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The GST Council might consider removing anomalies in the duty structure in several sectors such as textiles, fertilizers and footwear this month. This is required since the business involved are not able to claim ITC as higher tax is levied on raw material. According to spokesperson inverted duty structure can be corrected by reducing the GST on inputs or simply raising levy on finished products. The final decision will be taken by GST Council.

 

https://www.livemint.com/news/india/gstcouncil-to-fix-inverted-duty-anomalies-thismonth-11614795343580.html

 

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