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GST Council to Address Fake ITC Generation in Next Meeting, Says Official

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The upcoming GST Council meeting aims to prevent fraudulent Input Tax Credits, strengthening provisions & minimizing false claims. The finance ministry may also impose a countervailing duty on steel imports from China. The report on online gaming, casinos, and horse racing will also be reviewed. Measures taken could potentially enforce compliance & prevent fraud in the system.

India considers imposing countervailing duty on Chinese steel imports

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The Indian government may impose a countervailing duty on steel imports from China to counter subsidies that enable Chinese manufacturers to sell at lower prices. The decision is pending, but it could be a significant boost for India's struggling steel industry.

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GST Council to Address Fake ITC Generation in Next Meeting, Says Official

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The upcoming GST Council meeting aims to prevent fraudulent Input Tax Credits, strengthening provisions & minimizing false claims. The finance ministry may also impose a countervailing duty on steel imports from China. The report on online gaming, casinos, and horse racing will also be reviewed. Measures taken could potentially enforce compliance & prevent fraud in the system.

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