scorecardresearchMore GST rate changes in store to address inverted duty, exemptions: Report

More GST rate changes in store to address inverted duty, exemptions: Report

Updated: 16 Aug 2022, 10:20 AM IST
TL;DR.
Inverted duty refers to structures where the rate of tax on inputs is more than the rate of tax on outward supplies, which discourages value addition
In September last year, the GST Council decided to rectify the inverted duty structure for footwear and textiles.

In September last year, the GST Council decided to rectify the inverted duty structure for footwear and textiles.