Kolkata, Nov. 26 -- EEPC India has appreciated the GST 2.0 reforms, noting that the simplified tax structure promises to accelerate economic growth while delivering substantial benefits to both consumers and industry.
Participating at the fourth meeting of the reconstituted Board of Trade (BoT), EEPC India chairman Pankaj Chadha emphasized that these forward-looking reforms will not only enhance ease of doing business but also strengthen the government's efforts to safeguard and empower local industry.
While appreciating the GST reforms and their positive outcome, EEPC India noted that some cases of inverted duty structure still persist in the engineering sector. For instance, in the case of bicycles, while the final product is charged at...