Jump to content

GST on apparel, textiles & footwear up from 5% to 12%, effective Janua


Husker

Recommended Posts

The government has increased goods and services tax (GST) applicable on finished products such as apparel, textiles and footwear from 5 percent to 12 percent, effective January 2022.

This was notified by the Central Board of Indirect Taxes and Customs (CBIC) on November 18.

GST rate on fabrics has been increased to 12 percent from 5 percent from January 2022 and GST on apparel of any value has been increased to 12 percent, compared to earlier when pieces priced up to Rs 1,000 were subject to 5 percent GST.

Rates for textiles (including woven fabrics, synthetic yarn, pile fabrics, blankets, tents, accessories such as tablecloths or serviettes, rugs and tapestries has also been increased from 5 percent to 12 percent and that of footwear of any value has been hiked from 5 percent (up to Rs 1,000/pair) to 12 percent.

The Clothing Manufacturers Association of India (CMAI) on November 19 said it was “deeply disappointment" at the government’s decision to hike GST rates on apparel, reports said.

https://www.moneycontrol.com/news/business/economy/gst-on-apparel-textiles-and-footwear-up-from-5-to-12-effective-january-7742081.html?s=09

 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...