GST hurdles threaten India’s green steel ambitions: AlIFA - Kallanish Commodities

India’s secondary steelmakers are facing growing financial and legal stress due to a long-standing Goods and Services Tax (GST) issue, Kallanish learns from AlIFA Sustainable Steel Manufacturers Association advisor Mohit Kapoor. The problem prevents mills from claiming input tax credit (ITC) on scrap purchases, even when they have paid GST in full. ITC allows businesses to claim back the tax they…