CBIC notifies GST Rate hike from 5% to 12% on Fabrics, Apparel, Footwear w.e.f. Jan 2022 [Read Notification]

The Central Board of Indirect Taxes and Customs notified the hike in GST rate from 5% to 12% on Fabrics, Apparel, and Footwear w.e.f. January 2022. The objective behind the proposed increase is to correct the problem of Inverted Duty Structure faced by a small segment of the textile value chain as discussed in the […]
http://dlvr.it/SCnQPv