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 […]

GST UPDATES ON TAXTILES

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.

TAX CONCEPT

Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.

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