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GST Council decides to defer hike in textile duty

-The Telegraph

At the GST Council meeting in September it was decided to correct the inverted duty structure for textiles and footwear

The GST Council on Friday decided to defer the hike in textile duty to 12 per cent from 5 per cent that was due to take effect from January 1 and referred the matter for review to the group of ministers on rate rationalisation.

The panel, the highest decision-making body for indirect taxes, met under emergency provisions after states made a request for deferring the tax rate hike on textiles, from the current 5 per cent, to be effective from January 1, 2022.

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