GST Council to discuss rollback of inverted duty structure in textiles

Former West Bengal Finance Minister Amit Mitra and Telangana Industries Minister K T Rama Rao had earlier urged the Centre to roll back the proposed GST rate hikes in textiles

Finance Minister Nirmala Sitharaman will chair the 46th meeting of the Goods and Service Tax (GST) Council in New Delhi on Friday. The agenda of the meeting will be to discuss the recently announced hikes in GST rates for textiles, which comes into effect from January 1.

The Council could also deliberate on the reports of the two Groups of Ministers (GoMs) which were set up in the last Council meeting in September.

On the sidelines of a separate pre-Budget meeting between Sitharaman, her top officials, and representatives of states and Union Territories, Tamil Nadu Finance Minister P Thiagarajan and Rajasthan Technical