Govt may look at addressing inverted duty structures in washing machines, solar glass, air purifiers
Inverted duty structure refers to taxation on inputs at higher rates than finished products that result in the build-up of credits and cascading costs. The official said the Commerce and Industry ...
New Delhi: The Centre will likely address the inverted duty structure affecting domestic manufacturing in key sectors such as textiles, leather, and engineering goods in the upcoming budget, two ...
https://www.thehindubusinessline.com/economy/gst-correction-of-inverted-duty-structure-on-textile-not-anytime-soon/article65778880.ece Copy The GST Council is ...
RUN-UP TO BUDGET 2023 | Textiles contribute more than 2 per cent to GDP and more than 12 per cent to the manufacturing sector’s GDP The government is closely examining the inverted duty structure in ...
The discussions come in the backdrop of several sectors highlighting that, after the recent GST rate rationalisation, many finished goods such as FMCG products, food, and medicines now face a 5 per ...
New Delhi, Jan 13 () To boost manufacturing as part of the 'Make In India' campaign, the government is expected to address the issue of inverted duty structure, especially in sectors such as chemicals ...
https://www.thehindubusinessline.com/economy/govt-targets-inverted-duty-structures-in-washing-machines-solar-glass-air-purifiers/article68203246.ece Copy The ...
The government is considering addressing the issue of an inverted duty structure for various products to boost domestic manufacturing. The products include paper, furniture, washing machines, solar ...
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