Sectors seek relief from accumulated ITC under GST reforms
after close1 source ↓machine-written, see hownot a recommendation
Several sectors, including pharmaceuticals, textiles, and electric vehicles, are advocating for relief from accumulated input tax credit (ITC). The recent GST reforms, implemented in September 2025, simplified the tax structure by reducing slabs from four to two, impacting various industries. This move could enhance liquidity and operational efficiency for affected sectors.
Not investment advice. For informational purposes only.