Textile exporters seek GST exemption to boost presence in global markets

The GST Council has finalised between 5% and 18% of applicable IGST on various products

Textile exporters have urged the government to exempt the sector from the integrated goods and services tax (IGST) to boost the country's exports as they fear that Indian products will become uncompetitive in global markets.  

The GST Council has finalised between 5 and 18 per cent of applicable IGST on various products depending upon the type, value and services involved in it. Additionally, 5 per cent GST is applicable on job work also.

"Merchant exporters cannot benefit from the facility of exports under bond / LUT (Letter of Undertaking). There is no enabling document prescribed so far by the