[ad_1]
GST Rules: The GST Council, headed by Finance Minister Nirmala Sitharaman, today withdrew the decision to increase the rates of GST on clothing. The GST Council had earlier decided to increase the rates of GST on clothing and decided to increase it from 5 percent to 7 percent. Several states and textile unions were demanding the withdrawal of this decision.
Discussion on postponing increased GST on textile sector
GST Council had decided that from January 1, 2022, GST on textile products would be increased from 5 per cent to 12 per cent, but the state governments and The textile industry was opposing the increase in the GST rate. Therefore, in today’s meeting of the GST Council, there was a discussion on postponing the decision to increase the GST on clothing from 5 percent to 12 percent and its decision was taken. It has been given that Finance Minister Nirmala Sitharaman will hold a press conference today at 3 pm (tentative) and will give information about the decisions of the GST Council.
[tw]https://twitter.com/PIBHindi/status/1476820743191105541?s=20[/tw]
.
[ad_2]