https://www.taxtmi.com/news?id=53615 The Food Ministry has forwarded the edible oil industry's request to the Finance Ministry to lift GST refund restrictions on accumulated Input Tax Credit caused by an inverted duty structure, noting the lower GST on edible oils relative to inputs and urging parity with similar food products. Concurrently, the Vegetable Oil Products, Production and Availability Regulation Order, 2025 mandates registration with the Directorate of Sugar and Vegetable Oils and monthly reporting of production, sales, stocks and purchases, with planned awareness drives to improve compliance and sectoral data. en-us Tue, 26 Aug 2025 13:16:03 +0530 Tue, 26 Aug 2025 13:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53615 The Food Ministry has forwarded the edible oil industry's request to the Finance Ministry to lift GST refund restrictions on accumulated Input Tax Credit caused by an inverted duty structure, noting the lower GST on edible oils relative to inputs and urging parity with similar food products. Concurrently, the Vegetable Oil Products, Production and Availability Regulation Order, 2025 mandates registration with the Directorate of Sugar and Vegetable Oils and monthly reporting of production, sales, stocks and purchases, with planned awareness drives to improve compliance and sectoral data. News - Tue, 26 Aug 2025 13:16:03 +0530 https://www.taxtmi.com/news?id=53615