Tag: GST Council
M B Raghunath: Reduction in GST will make mid-market apparel more affordable
The 56th GST Council reforms bring both opportunities and challenges for the textile and apparel sector. While the increase of GST on coal from 5 ... Read More
NITMA seeks uniform 5% GST on polyester staple fibre and polyester spun yarn
GST rate on PSY must be reduced from 12 to 5 per cent (to align with fabric which is already taxed at 5 per cent), ... Read More
GST GoM suggests rate changes for 148 items, textile sector braces for overhaul
The proposed changes are expected to be revenue-positive and are likely to be discussed at the upcoming GST Council meeting on December 21. The GST ... Read More
No GST hike on textiles
GST Council defers tax rate hike on textiles The government was under pressure from businesses and traders from across the country and the industry was ... Read More
Govt to go ahead with GST hike despite protest
Ever since the goods and services tax (GST) council has proposed to change the GST rate on textile and apparel from 5% to 12%, apparel ... Read More
GST Council to reduce taxes on Indian apparel industry
The Apparel Export Promotion Council (AEPC) said that the GST Council’s decision to correct inverted duty structure on textiles from January 1, 2022 will lessen ... Read More
GST Council to reduce taxes on Indian apparel industry
The Apparel Export Promotion Council (AEPC) said that the GST Council’s decision to correct inverted duty structure on textiles from January 1, 2022 will lessen ... Read More
