News of relief for the textile sector, GST Council did not increase rates on textiles
By Akshita Lakwal 2021-12-31 18:25:38
News of relief for the textile sector, GST Council did not increase rates on textiles
There is news of relief for the textile sector. The GST Council has decided to defer the increased GST on textiles. Explain that from January 1, there was a proposal to increase the GST on textiles from 5% to 12%.
The meeting of the GST Council is over. Let us inform that in the meeting of the GST Council, it has been agreed to postpone the GST on textiles. Significantly, from January 1, 2022, the GST on textiles and shoes is going to be increased from 5 percent to 12 percent. From the state governments to the industries and businessmen associated with these areas, it is opposed. The government has taken this decision to defer GST on textiles after protests by different states.
