Gst On Grey Cloth
Zulfikar (Prop) (26 Points)
23 April 2017
Will GST be applied on grey cloth manufactured on powerloomd
5 Replies
Madhukar N Hiregange
(Chartered Accountant)
(39039 Points)
Replied 24 April 2017
It is expected that textiles will be under the GST levy and the exemption available earlier wouldbe removed. However it maybe at the lower rate of 12%. We understand exemption for goods wouldbe minimum.
CA Rashmi Gandhi
(Chartered Accountant)
(86461 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
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
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