GST Refund on Corrugated Boxes is a critical relief for India's 20,000+ MSMEs facing persistent cash flow challenges due to the Inverted Duty Structure (IDS) under GST — where inputs like kraft paper and adhesives attract 18% GST, while finished corrugated boxes are taxed at only 5%. This mismatch leads to continuous accumulation of unutilised Input Tax Credit (ITC), directly impacting...