In order to boost domestic pharma manufacturing, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) has urged its member exporters and pharmaceutical companies to provide detailed ...
In the past eight years post-GST, authorities have uncovered frauds relating to input tax credit claims running into lakhs of crores of rupees. An inverted duty structure in a consumption tax system ...
NEW DELHI: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, according to two ...
With the Goods and Services Tax (GST) Council set to meet later this week, concerns have emerged over duty inversion and input tax credit amidst industry and states who have underlined that these ...
Some inverted tax structures were fixed at the earlier 3 September GST Council meeting—when the tax rate on several goods including fertilizers, textiles and bicycles was lowered.(AFP) After slashing ...
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