Impact of GST Rate on Iron and Steel Industry in India

Impact of GST Rate on Iron and Steel Industry

The supplies which involve the use of iron and/or steel as the base material are under the GST ambit. The increase or decrease in the tax rate on iron and steel supplies is going to have an impact on a range of industries that involve the use of these materials, including construction and machine parts manufacturing sectors. This article discusses the new GST rates on iron and steel and the impact of GST on this sector. Read More

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