Taking back some exemptions will be followed by a round of rate change by Goods and Service Tax Council (GST), in an attempt to regulate inverted duty. A group of ministers (GoM) is working on the next list for goods and services like textiles, and electric vehicles, needing rest of inverted duty, adding that the authorities will connect to industry if it is deemed fit. This reset of inversion duty structures will specially contribute in Production Linked Incentives (PLIs), which in turn will improve internal rate of return.
