GST Council may ease tax rules for electronics manufacturing
after close1 source ↓machine-written, see hownot a recommendation
- that may allow
- 7 Oct 2023
The GST Council is set to discuss a proposal on 7 Oct 2023 that may allow overseas contract manufacturing to be treated as an export, even if goods remain in India. This change aims to enhance competitiveness for electronics and semiconductor sectors by addressing current tax cascading issues. The new rules could attract more outsourced manufacturing work to India.
Not investment advice. For informational purposes only.