Looking for a business loan

*

Thank you for your interest, our team will get back to you shortly

Please Fill the Details to download

Thank you for your response

Get Expert Assistance

Thank you for your response

Our representative will get in touch with you shortly.

India's #1 GST software

1 click autofill GSTR-3B with G1 and 2B data

Download 2B data for multiple months in < 2mins

GSTR-2B vs purchase matching in under 1 min

OR
India's No 1 GST software

Save upto 7% in taxes

Claim 100% ITC and save ~4% GST

3x faster experience

Save 2 man days every GSTIN month

Easy to connect

Connect with 100s of ERP's, import data error-free

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

The textile industry was worried about GST being levied. However, senior tax officials say that the 5% GST will have positive benefits in the long run.

Updated on :  

08 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

inline CTA
India’s Fastest and Most Advanced 2B Matching
Maximise ITC claims, use smart validations to correct your data and complete 2B matching in <1 minute