Jump in cost of raw materials due to Covid lead to GST complications

Mumbai: Many companies that reported an increase in their indirect tax outgo due to a steep jump in their import costs after the Covid pandemic fear that when things go back to normal, they could face intense scrutiny from the taxman.  This is mainly because the Goods and Services Tax ( GST ) is pegged to the cost of the goods imported.  In most cases, the costs of the importers have gon…