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india

MOF releases its GST recommendations

The Indian Ministry of Finance released the GST Council’s recommendations which included changes to the GST rate as well as trade facilitation and GST compliance initiatives.

The proposed changes intend to:

  • Lower rates for specific pulses from 5% to 0%, and for a certain type of ethyl alcohol delivered to refineries from 18% to 5%.
  • Supplies of wild mint should be subject to the reverse charge mechanism,…

Source: GVC

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