Inverted duty structure
- August 24, 2020
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Subject: Economy
Context:
Union Textiles Ministry is planning to commission a study to analyse whether the Goods and Services Tax (GST) on textiles and apparels was creating an inverted duty structure.
Concept:
The inverted duty structure denotes prevalence of higher taxes on inputs than on finished items.