The steep GST of 18 per cent levied on several crucial waste categories has become an obstacle in the sustainable management of solid waste in India and is also leading to revenue losses of around Rs 65,000 crore, according to a new study published on Tuesday.
The study by think tank Centre for Science and Environment (CSE) finds that small dealers who collect scrap cannot afford an 18-per cent GST, so they keep their transactions cash-based and untaxed.
This not only deprives the government of revenue but also distorts the market, as compliant businesses struggle to compete with tax-evading informal operators.
Source from: https://www.ptinews.com/story/national/high-gst-on-scrap-e-waste-hurting-india-s-circular-economy-cse-study/2815966
