In a welcome move, the government has addressed the issue of fibre neutrality in the recently announced Goods and Services Tax (GST) rates on textiles. Fibre neutrality was a long-pending demand from leading trade associations, export councils, and local trade bodies of textile-centric states, though the target has moved from fibre to fabric. While being a highly decentralised sector, textile is the country's second-largest employment generator, involving multiple processes — from fibre to garment. The product changes lots of hands till it is ready to be worn by ...
GST on textiles: Uniform tax rate through the entire chain is need of the hour
A specific rate of duty also needs to be imposed during import of fabric
Sri Narain Aggarwal Last Updated at August 2, 2017 01:41 IST
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