The GST council in its meeting approved the proposal that footwear items up to ₹2,500 will be taxed at 5% while above ₹2,500 shall be taxed at 18%.
Footwear stocks surged today as reports suggest GST on shoes under ₹2,500 may be cut to 5 per cent from 12 per cent at the upcoming GST Council meet. Relaxo, Liberty, Campus Activewear shares gain
Footwear stocks are under pressure as companies reported disappointing earnings for the quarter ended June 2025