GST 2.0 simplifies rates but deepens inverted duty structures in some sectors
The GST 2.0 reforms sought to simplify rates by scrapping the 12 percent slab and moving many goods to the 5 per cent bracket, but officials say it has worsened inverted duty structures in sectors such as textiles, food processing…
EV Makers Oppose GST Cut On Hybrid Vehicles
The Society of Indian Automobile Manufacturers (Siam) may drop a proposal to cut goods and services tax (GST) on strong or full hybrid vehicles in its final budget recommendations to the government following stiff resistance from manufacturers of battery electric…
