https://www.taxtmi.com/news?id=52318 High GST rates (currently 18%) on metal scrap, plastics, e-waste and industrial by-products make formal recycling commercially unviable, drive transactions into the informal cash economy, distort markets, and cause substantial fiscal leakage. The study recommends staged reductions in GST rates to 12% and ultimately 5%, social protection and financial inclusion for informal workers, and linking GST benefits to verified Extended Producer Responsibility compliance to incentivise formalisation and recover revenue. en-us Tue, 12 Aug 2025 19:01:04 +0530 Tue, 12 Aug 2025 19:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52318 High GST rates (currently 18%) on metal scrap, plastics, e-waste and industrial by-products make formal recycling commercially unviable, drive transactions into the informal cash economy, distort markets, and cause substantial fiscal leakage. The study recommends staged reductions in GST rates to 12% and ultimately 5%, social protection and financial inclusion for informal workers, and linking GST benefits to verified Extended Producer Responsibility compliance to incentivise formalisation and recover revenue. News - Tue, 12 Aug 2025 19:01:04 +0530 https://www.taxtmi.com/news?id=52318