India’s notebook and stationery industry is confronting challenges due to the inverted GST duty structure, where input taxes exceed the applicable tax on finished goods. This scenario creates a credit mismatch, straining manufacturers’ working capital and impacting pricing strategies. The Goods and Services Tax (GST) framework aims to streamline taxation, but inverted duty situations can inadvertently burden specific sectors. Industry stakeholders are advocating for rationalization to ease operational pressures.