The GST Council’s decision to eliminate the 12% slab was implemented to create a two-rate structure for garments. The key takeaway is a higher rate for premium apparel and wider relief for ...

GST Council has decided to defer hike in GST on textiles from 5 per cent to 12 per cent, as per the sources of Zee Business. The matter will be discussed again in the next Council meet for future ...

The government is preparing a fresh round of changes to the Goods and Services Tax (GST) structure, with a focus on sectors that are under pressure after the United States imposed a 50% tariff on ...

Industry sees a single 5 per cent slab across textiles as crucial to ease inverted duty pain, free up cash, and revive growth momentum As the Modi government is preparing for a fresh round of changes ...

(MENAFN- IANS) New Delhi, Sep 26 (IANS) The GST 2.0 reforms have reduced tax rates across diverse sectors from automobiles and textiles to fertilisers, steel, pharmaceuticals and renewables, which ...

The Chamber of Textile Trade and Industry (COTTI) on Wednesday opposed the recent GST hike, saying it would burden consumers, and urged that garments be uniformly taxed at 5 per cent, though the ...

IT seems that the government is determined to implement the reformed general sales tax, which is just a nomenclature change of value-added tax, on the textile sector. Although in its true spirit VAT ...

The association notes that keeping textile products along with products like electronics, mobile phones under the same GST slab would not be consistent from an overall economic rationale Emphasising ...

The effect of tariffs on the global economy is all everybody’s talking about. Now, so is the US appeals court. A divided appeals court ruled that most of US President Donald Trump's tariffs are ...

(MENAFN- IANS) New Delhi, Sep 5 (IANS) The next-generation GST reforms are a historic leap forward for India's textile sector, serving as a catalyst for the country's march towards becoming a $350 ...