GST Refund Formula Changes May Expand Inverted Duty Refunds for Eligible MSME Manufacturers: FISME

GST Refund Formula Changes May Expand Inverted Duty Refunds for Eligible MSME Manufacturers: FISME New Delhi, Nov 6 (KNN) The Federation of Indian Micro and Small & Medium Enterprises (FISME) said changes to the GST refund formula could enable micro, small and medium enterprises (MSMEs) to recover a larger portion of their accumulated input tax credit (ITC), particularly manufacturers operating under an inverted duty structure. The industry body also said businesses can accumulate substan

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