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“There was no major announcements post the council meeting. The issue of GST reduction on Covid items has been deferred by a few more days which is dissapointing. Issue of inverted duty structure has also not been addressed. Few compliance related measures have been announced which should provide a temporary relief to small and medium tax payers. However, on overall basis, the council has failed to address major pain points of the industry and the common man resulting from the pandemic,” Rajat Bose, partner, Shardul Amarchand Mangaldas & Co.
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