Inverted duty structure

GST Council assembly on June 22 to debate key taxation points

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Finance Minister Nirmala Sitharaman will chair the GST Council assembly on June 22. This would be the first assembly of the Council after the Common Election and after October 7 final yr. “The 53rd assembly of the GST Council can be held on June 22, 2024, at New Delhi,” the GST Council stated in a … Read more

AIRIA urges Centre to vary imported obligation construction for rubber items

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The All India Rubber Industries Affiliation (AIRIA), an organisation comprising over 1,400 small and micro industries, has urged the Centre to extend the Customs obligation on imports of completed rubber items as it’s decrease than levy on pure rubber shipments into the nation, mentioned AIRIA President Shashi Singh.  Presently, the import obligation on pure rubber … Read more