Textile industry wants 5% tax under GST

The textile industry is batting for a uniform tax of 5% on all under Goods and Service Tax (GST), which is all set to roll out from July this year.
On 31st April’17 the Southern India Mill’s Association (SIMA) submitted a memorandum to the Union Textile Minister, Smriti Irani, saying that their revenue will double if the GST rate is fixed at the lowest slab of 5% and without any exemption across the value chain Read More


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