GST Council may discuss inverted tax duty structure in March meet. What's inverted tax duty structure?

The Goods and Services Tax (GST) Council, which is expected to convene its 44th meeting in mid-March this year, may discuss "inverted duty structure" on fertiliser and textile, an official said on Friday. Under the Goods and Services Tax, the term "inverted tax structure" means a situation wherein the GST rate on inputs purchased, also referred to as inward supplies, is more than the rates on fini…