Next GST Council may fix notebook paper tax mismatch to lower cost of study material

In the paper and notebooks rate, the anomaly has come to the notice.  Notebook and textbook prices may remain high despite a zero Goods and Services Tax (GST) rate, as the paper used to manufacture them continues to attract 18 percent tax, creating a cost burden for publishers and consumers alike. This mismatch after ending the input tax credit for manufacturers has emerged as a cla…