Friday, 31 December 2021

GST tax hike on textiles put on hold

The GST Council on Friday decided to put on hold the decision to hike tax rate on textiles to 12 per cent after many states, including Tamil Nadu and West Bengal, opposed the move, an official said. The 46th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided to deliberate on the issue further in its next meeting.

from Times of India https://timesofindia.indiatimes.com/business/india-business/gst-council-defers-implementation-of-tax-rate-hike-on-textiles/articleshow/88612338.cms
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