India, Aug. 25 -- Calls for rescinding 2022 restrictions and ensure parity on refunds with other edible consumables like butter and ghee

The Indian Vegetable Oil Producers' Association (IVPA) has welcomed PM Narendra Modi's announcement on next-generation GST reforms and urged the government and GST Council to expeditiously resolve the issue of accumulated tax refunds under the inverted duty structure to support MSMES and local manufacturers.

IVPA represents India's edible oil refining industry.

In his Independence Day Address, Prime Minister Narendra Modi had announced that next-generation GST reforms will be unveiled on Diwali, reducing taxes on essential goods and providing relief to MSMEs, local vendors, and consumers.

IVPA stated...