Textiles Rate Hike From 5% to 12% Deferred by GST Council

Speaking to the media on Friday, 30 December, Industry Minister of Himachal Pradesh Bikram Singh said that the GST Council will defer the rate hike on textiles from 5 percent to 12 percent, and the matter will be reviewed at the meeting in February, The Economic Times reported.

The country’s industries and states have opposed the increase in the tax, which was earlier scheduled to come into effect from 1 January.

(This is a developing story and will be updated.)

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