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GST Rate for Textile Industry Will Have Positive Impact, Says Central Government

Updated on: Jul 13th, 2021

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2 min read

Updates from 08th June, 2017

A senior tax official from the Central Government has said that the GST rates for the textile industry will be a positive influence for the sector, thus dispelling any worries that the industry leaders might have had. All mass-consumed textile products have been placed in the 5 percent bracket.

The net increase in the prices will be minimal, while a lot of other disparities have also been solved by the introduction of GST.

As reported in The Economic Times

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A senior tax official states GST rates for textile industry are positive, all mass-consumed textile products in 5% bracket. Minimal price increase expected, resolving various disparities. As reported in The Economic Times.

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