The government has notified uniform goods and services tax rate at 12% on MMF, MMF yarn, MMF fabrics and apparel, which has addressed the inverted tax structure in the MMF textile value chain, said government on Monday....
The taxation of inputs at higher rates than finished products created build up of credits and cascading costs....
The inverted tax structure caused effective increase in rate of taxation of the sector....
经济
商业标准报-经济和政策
2021-11-22 00:00:00.0
