Imbued with a can-do spirit, Indian textile and apparel companies are now focusing more heavily on issues like quality, innovation, sustainability, and creating more awareness about…
Browsing: GST Council
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 to…
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), and…
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 Group…
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 anticipating…
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 manufacturers…
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 the tax burden on manmade fibre (MMF) fabrics and garments.