This explains the purpose and legal importance of an undertaking filed with a GST refund claim. It highlights how the declaration safeguards against unjust enrichment and wrongful ...

With GST entering a consolidation phase in 2026, experts argue that fine-tuning through inverted duty structure correction, ...

Even though the Goods and Services Tax (GST) Council had to drop a plan to hike the GST rates for most textile products in the man-made fibre (MMF) value chain from 5% to 12% in late December 2021 ...

RUN-UP TO BUDGET 2023 | Textiles contribute more than 2 per cent to GDP and more than 12 per cent to the manufacturing sector’s GDP The government is closely examining the inverted duty structure in ...

Economist Arvind Virmani advocates for a strategic overhaul of India’s customs duty regime ahead of the Union Budget 2026-27.

Recently, the GST Council in its 45th meeting held on September 17, 2021, has announced that GST rate changes will be brought in concerning goods manufactured by the footwear and textiles industry to ...

Harsh Shah is the Partner, Economic Laws Practice and Ankita Vashistha is Senior Associate, Economic Laws Practice. Ordinarily, taxation involves payment of tax at lower rates on inputs and a ...

Finance minister Nirmala Sitharaman is likely to address the problem of the inverted duty structure in the budget to boost domestic manufacturing — especially in sectors such as electronics, textile ...