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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 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.

According to Dirk Sielemann, R&D director, Rudolf Group, recycled PET bottles, in the form of washed flakes, can be the raw material for the manufacturing of some of the textile auxiliaries.

Yarn Expo Spring concluded its 2017 edition, held at the National Exhibition and Convention Center (Shanghai) with high satisfaction from both exhibitors and buyers. Delighted with the results, Senior General Manager of Messe Frankfurt (HK) Ltd Wendy Wen commented: “This edition we have seen a noticeable increase in the optimism of our exhibitors about the market situation in the coming year, so we are excited about what the year holds for the industry.