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7 months ago
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Impact of GST Rates on the steel industry

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The impact of GST rates on the steel industry is significant, with changes affecting pricing, taxes, and overall business operations. Previously, excise duty and VAT totaled approximately 17.5%, while under GST, iron and steel are taxed at a flat 18%. This shift has altered prices for various steel products, impacting consumers and manufacturers alike. However, GST has also brought benefits such as reduced logistics costs and job generation. https://www.comaron.com/blog/gst-and-steel-industry

 

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