GST Council may correct rate anomaly on March 14

Mobile phones, textiles and a few other goods may become costlier if the GST Council chooses to correct certain duty structures on them due to which finished products attract lower duty than the raw material. This imbalance in taxes, which is called inverted duty structure, has been resulting into a loss of close to Rs 25,000 crore per annum to the government as it has to refund the tax already pa…