New Delhi, Sept. 2 -- The Centre's move to redesign the Goods and Services Tax (GST), introduced eight years ago, has been welcomed as a much-needed reform.
However, experts remain cautious, questioning whether the changes will genuinely fix long-standing issues or simply redistribute challenges among taxpayers.
A major focus of the proposed reform is correcting the inverted duty structure, where inputs are taxed higher than final products, leaving businesses with unusable tax credits.
While this has been partly addressed, industries like textiles, garments, and pharmaceuticals fear that the problem may persist.
For instance, fabrics and garments often attract just 5 per cent GST, while dyes and chemicals used in their production are ...
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