The GST Council, has decided to impose 12% GST on all textile products except cotton to correct inverted duty structure in the sector. The new rates will be effective from January 1, 2022.

The garment industry has witnessed a remarkable rebound in exports since the wake of covid-19, but there are bigger challenges staring the sector in the form of supply chain constraints.

The garment industry has witnessed a remarkable rebound in exports since the wake of covid-19, but there are bigger challenges staring the sector in the form of supply chain constraints.

PM MITRA scheme is expected to bring fresh capital investment of $ 5.5-6.0 billion and in turn create export opportunities of around $ 4.5-5.0 billion p.a. for textile products once the scheme is fully implemented, according to a CARE Ratings report.

The GST Council, has decided to impose 12% GST on all textile products except cotton to correct inverted duty structure in the sector. The new rates will be effective from January 1, 2022.

The GST Council, has decided to impose 12% GST on all textile products except cotton to correct inverted duty structure in the sector. The new rates will be effective from January 1, 2022.

The garment industry has witnessed a remarkable rebound in exports since the wake of covid-19, but there are bigger challenges staring the sector in the form of supply chain constraints.

The garment industry has witnessed a remarkable rebound in exports since the wake of covid-19, but there are bigger challenges staring the sector in the form of supply chain constraints.

The GST Council, has decided to impose 12% GST on all textile products except cotton to correct inverted duty structure in the sector. The new rates will be effective from January 1, 2022.