https://www.taxtmi.com/news?id=56475 An inverted duty structure results from notebooks and their paper being nil-rated while upstream inputs and capital goods remain taxed, preventing manufacturers from claiming input tax credit or refunds. Industry associations argue this will raise production costs and negate consumer benefits from rate rationalisation, create competitive distortions due to differing input rates and import advantages, and request either a uniform low GST rate on paper products or an alternative refund/credit mechanism to restore input tax recoverability. en-us Mon, 22 Sep 2025 16:46:03 +0530 Mon, 22 Sep 2025 16:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56475 An inverted duty structure results from notebooks and their paper being nil-rated while upstream inputs and capital goods remain taxed, preventing manufacturers from claiming input tax credit or refunds. Industry associations argue this will raise production costs and negate consumer benefits from rate rationalisation, create competitive distortions due to differing input rates and import advantages, and request either a uniform low GST rate on paper products or an alternative refund/credit mechanism to restore input tax recoverability. News - Mon, 22 Sep 2025 16:46:03 +0530 https://www.taxtmi.com/news?id=56475