Apparel Industry Opposes Proposed GST Hike by GoM, Warns of Growth Setbacks

Last updated: 07 December 2024 Follow on Google News

As the GST Council prepares to deliberate on recommendations from the Group of Ministers (GoM) on rate rationalization, the proposed hike in GST rates on readymade garments has stirred significant apprehension within the apparel industry. The proposal suggests a 5% GST on garments priced up to ₹1,50

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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