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

Simplify Your GST Filing & Invoicing

Get Trained & Try Cleartax GST Software for FREE

Start Free GST Software Trial & Training

File GSTR1 in 30 seconds

  • 50+ in-built validations to ensure early error correction and 100% accurate returns filing
  • Single-click import of Tally data
File GSTR-1 Now