How the recent GST reforms have added to the burden of MSMEs by creating an inverted duty structure in some segments - Business Today

Tarun Goyal Manufactures aluminium cookware in Jagadhri, Haryana. He has mixed views about the recent changes to the Goods and Services Tax (GST). A lower tax on utensils under GST 2.0 is expected to result in an increase in sales during this festive season. The GST rate on utensils has been lowered to 5% from 12%. However, he will now have to contend with the new problem of inverted duty, which h…