InvertedDutyStructure

A New Era for GST: How the Government is Solving the Inverted Duty Problem

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A New Era for GST: How the Government is Solving the Inverted Duty Problem

In a significant move to overhaul the Goods and Services Tax (GST) regime, the Finance Ministry is tackling the problem of inverted duty structures—a tax mismatch that has long plagued businesses and led to higher costs for consumers. What’s the Problem? An inverted duty structure occurs when the tax rate on raw materials (inputs) is … Read more

The New GST Regime: How Inverted Duty Structure Fixes Will Lower Your Bills

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The New GST Regime: How Inverted Duty Structure Fixes Will Lower Your Bills

The upcoming new GST regime aims to correct inverted duty structures and prevent the pile-up of Input Tax Credit (ITC), which can lead to lower prices and better quality for consumers. What is an Inverted Duty Structure? An inverted duty structure happens when the tax rate on inputs (raw materials) is higher than the tax … Read more