Big news for the textile sector – GST will not increase on textiles

Decision in the meeting of the GST Council:

GST will not increase on textile

Earlier, the GST on textiles was to be increased from 5% to 12%.

GST_Council unanimously decides to defer hike in GST on textiles from 5% to 12%.

GST Rate hike on textiles from 5% to 12% was to come into effect from January 1.