Mumbai, November 20: The Indian government has increased the Goods and Service Tax (GST) on clothes, textiles, and footwear from 5% to 12% with effect from January 2022. The Central Board of Indirect Taxes and Customs (CBIC) announced this update on November 18. The hike was reportedly suggested by the GST Council. GST on Clothes, […]
Mumbai (Maharashtra) [India], September 29 (ANI/PNN): The Clothing Manufacturers Association of India (CMAI), one of the largest and oldest Association representing the interests of the Domestic Garment Industry, expressed its deep sense of disappointment and anguish at the recent announcements from the GST Council indicating that with a view to address the issue of Inverted Duty Structure in the Textile Industry, it has been decided to change the GST rates applicable on Fabrics and Garments with effect from 1st January.
\
\
\
\
\
\
