Government to consider correcting inverted duty structure in key sectors
The Centre will likely address the inverted duty structure affecting domestic manufacturing in key sectors such as textiles, leather and…
Tag: Inverted duty
Taxpayer entitled to refund under Inverted Duty Structure when tax on input erroneously charged by the Supplier at higher rate
The Hon’ble Madras High Court in The Commercial Tax Officer v. M/s Suzlon Energy Limited and Others, [W.P. No. 10852 &…
Delhi HC grants relief to IOC; asks govt to pay denied input tax credit
In what could be a boon for fertiliser, cooking oil, acrylic yarn, and traders of goods incurring costs on packing…
GST Council unlikely to correct inverted duty structure on textiles next month
The GST Council is unlikely to take up correcting inverted duty structure for textile anytime soon. Meanwhile, the Council in…
More GST rate changes likely to address inverted duty, exemptions
The Goods and Services Tax (GST) Council may go in for another round of rate changes to correct the remaining…
Inverted duty correction on GST Council’s agenda in next week’s meeting
The Goods and Services Tax (GST) Council in its upcoming two-day meeting is likely to take up the fitment committee’s…
GST Council is unlikely to correct inverted duty correction w.r.t. Textiles
As per the recent tweet of the CNBC-TV18, Sources say in the upcoming meeting of the GST Council is unlikely…