Unused ITC and Inverted Duty Structure Under Review as Government Prepares GST Relief Ahead of September 22 Rollout
In a major policy recalibration ahead of the September 22 rollout of GST 2.0 reforms, the Indian government is actively reviewing proposals to address the long-standing issues of unused Input Tax Credit (ITC) and the inverted duty structure that have plagued several sectors. The inter-ministerial meeting chaired by Cabinet Secretary T.V. Somanathan on September 8…