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Inverted duty fix is next on GST agenda
November 25, 2025
|Mint Mumbai
GST Council to expand work on fixing anomaly at next meet
TAX TRAP RAW materials end up taxed more than final product THIS skews prices, hurts working capital, starts refund battles SOME inverted tax structures were fixed at earlier GST meeting
After slashing goods and services tax (GST) rates in September, the Centre and states are now gearing up to fix the tax system's next fault line: inverted duty structures.
The GST Council has set its eyes upon correcting the anomaly across a range of industries including select railway parts, metal ores and concentrates, as well as products like water pumps, two people familiar with the matter said on the condition of anonymity. The Council will also take another look at textiles, where the duty inversion was partially addressed on 3 September, along with fertilizers and bicycles.
هذه القصة من طبعة November 25, 2025 من Mint Mumbai.
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