GST Council likely to recommend relief for sectors hit by inverted duty structure

The GST Council is likely to consider a proposal to give relief to sectors such as textiles, fertilizers, leather, etc. that face difficulty due to the  Inverted Duty Structure (IDS). IDS refers to higher duty on input and lower duty on output. Because of this inversion, the producer of such a good applies for a refund. However, getting a refund is not easy because of various reasons, such as…