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INVERTED TAX STRUCTURE
GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
Measures like tax relief, import curbs can shield India from West Asia crisis: ReportIndia must adopt tax moderation and targeted import curbs to boost exports and shield against the West Asia crisis. A report suggests restr...
India needs structural reforms, not subsidies, to shield economy from West Asia shocks: ReportIndia must shift from subsidy reliance during global crises to structural reforms for economic resilience. Rising geopolitical tensions hig...
Colgate-Palmolive India Q4 profit down marginally to Rs 353 cr; FY26 revenue dips to Rs 6,124 crHowever, its sales were up 9 per cent to Rs 1,582.77 crore in the March quarter of FY26. It was at Rs 1,452.02 crore in the corresponding p...
Chinese proverb of the day: “An embankment a thousand miles long can be destroyed by...” Learn a timeless life lesson from ancient Chinese wisdom on how tiny unnoticed mistakes quietly destroy strong foundations, success, leadership, and even powerful empires over timeChinese proverb of the day reveals a powerful life lesson modern leaders, businesses, and successful people still ignore today. “An embankm...
Deloitte India could lead professional services space soon: Romal ShettyDeloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...
India’s gross GST collections hit record Rs 2.42 lakh crore in April, up 8.7%April saw India's Goods and Services Tax collections soar to an impressive Rs 2.42 lakh crore, showcasing an 8.7% growth from the previous ...
In war, anything can happen; in investing, only management matters. 6 stocks from different sectors with upside potential of up to 27%Net margin is a useful metric. It tells you how much profit remains after costs, interest, and tax are deducted from revenue. But it does n...
GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
Corrugated box manufacturers warn of severe cost surge, call for price revision and policy supportIndia's corrugated box makers are in crisis. Kraft paper prices have jumped 15-20 percent. Other materials like gum and ink are up 30-40 pe...
MSMEs seek GST automation, concessional input ratesFederation of Indian Micro and Small & Medium Enterprises requests government action. They want an automatic refund system for input tax cr...
More GST rate changes likely to address inverted duty, exemptionsInverted duty refers to structures where the rate of tax on inputs is more than the rate of tax on outward supplies, which discourages valu...
Uniform 12% GST rate for MMF textiles to reduce compliance burden: Govt“This will help the MMF segment grow and emerge as a big job provider in the country,” the textiles ministry said in a statement, adding th...
Finance Ministry notifies 12% GST rate on MMF, yarn, fabrics from January 1; corrects duty anomalyExperts said though there is a provision in GST law to claim the unutilised Input Tax Credit (ITC) as a refund, there were other complicati...
Govt may address inverted duty structure for certain steel products in Budget: SourcesSources said that the government may consider removing customs duties on raw materials used for manufacturing of certain flat-rolled produc...
In Focus: Inverted duty structureGST Council will take up tax structure rejig on March 14 to correct the inverted duty structure in many sectors. ET looks at the reasons as...
Rail wagon makers buck the trend, seek higher GSTAmid the clamour for slashing GST rates, rail manufacturers are seeking the opposite—an increase.
Textiles sector rues synthetics’ inverted duty structure“At present, synthetic fibre is taxed at 18%, yarn at 12% and final output at 5%, creating a tax structure where rate on inputs is higher t...
Government may address inverted duty structure issue in budget: OfficialMany issues related to inverted duty structure, which has adversely impacted domestic manufacturing, may be addressed in the coming budget.
- Budget watch: Rejig in duty structure on cards
Finance minister P Chidambaram may not announce any change in peak customs duty in the forthcoming Budget, but a rejig in duty structure to...