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GST on cloth

11 April 2017

Hello everyone......At present there is no sales tax or vat on cloth in maharashtra.....is there any chances of levy GST on cloth?....

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6 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182291 Points)
Replied 11 April 2017

Most likely on readymade garments & branded goods, but general cloth may be spared.

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SAURABH ZAWAR (269 Points)
Replied 11 April 2017

Gst will be levied from manufacturers to final consumer so definitely it will covered all textiles product except cotton

Regards
CA Saurabh Zawar

Tvrreddy Ca (52 Points)
Replied 11 April 2017

since it is not notified from exempted goods list and any other provision....hence it attracts gst unless notified by govt

Tejinder Singh (2 Points)
Replied 12 April 2017

can you tell something more

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 05 June 2017

Readymade Garments 12% with no cash refund of ITC

Readymade Garments Below Rs. 1000 5% with no cash refund of ITC

Fabrics & Yarn (except man-made) 5%

Manmade Yarn 18%

All Process of Textiles 5%

Packaged Food Items 5%

Fiber Silk and Jute 0%

Manmade Fiber 18%Â