Question

In the context of GST, what does an Inverted Duty Structure imply?

Q: Answer-In the context of GST, what does an Inverted Duty Structure imply?

An Inverted Duty Structure occurs when the GST paid on inputs is higher than the GST collected on sales, often leading to excess input tax credits for businesses.

A The GST rate on sales is higher than the GST rate on purchases.

B The GST rate on sales is equal to the GST rate on purchases.

C The GST rate on purchases is more than the GST rate payable on sales.

D There is no GST payable on sales.

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