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Yarn News   >     19-10-2017 - Thursday

  • Higher GST to make textiles costlier, industry laments lack of uniformity

Textile products are likely to become more expensive, with the government fixing a higher rate on them under the Goods and Services Tax (GST), than the rates at which they are currently taxed. 
 

A section of industry is saying that differential treatment for cotton and synthetic fibre on GST rate is an opportunity lost for a uniform rate for textile sector.

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