Inverted Duty Structure Subject – Economy Context – Relook at inverted duty structure for textiles, the main agenda of GST Council Concept – An inverted duty structure comes up in a situation where import duties on input goods are higher than on finished goods. In other words, the GST rate paid on purchases […]

    Inverted duty structure Subject – Economy Context – To correct duty structure, FinMin notifies 12% GST on textiles, footwear from January 1 Concept – An inverted duty structure arises when the taxes on output or final product is lower than the taxes on inputs, creating an inverse accumulation of input tax credit which […]

    INVERTED DUTY STRUCTURE Subject: Economy Context: Budget may try to straighten ‘inverted duty’ structure to reduce its impact on the domestic industry. Concept: The inverted duty structure denotes prevalence of higher taxes on inputs than on finished items. Impacts of Inverted Duty Structure: According to FICCI, Inverted customs duty structure on finished goods […]

Subject : Economics Context :The rubber goods industry, especially the non-tyre segment, is worried over the irrational duty structure that has put several domestic manufacturing units in a precarious position. Concept : Inverted duty structure (IDS) is a situation where the rate of tax on inputs used is higher than the rate of tax on […]

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.