Dec 31: Department of Revenue had notified GST @12 % on MMF, MMF yarn, fabrics and apparel on 18.11.2021which was to come into force from 1st January, 2022.
Fabrics and Apparel Industry represented against this revision of GST slab from 5% to 12%.
This Ministry under the able leadership of Shri Piyush Goyal, Hon’ble Minister for Textiles, Smt. Darshana Jardosh, Hon’ble Minister of State for Textiles arranged meeting of a delegation of textiles industry and trade representatives with Hon’ble FM regarding the concerns of textiles industries.
After persuasion of HMoST, the GST Council’s 46th meeting was held today under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has recommended deferring the earlier decision to change the rates in textiles recommended in the 45th GST Council meeting. Consequently, the existing rates in textile sector would continue beyond 1st January, 2022.
Ministry of Textiles expresses its hearty thanks and is grateful to Hon’ble Prime Minister and Union Finance & Corporate Affairs Minister for considering the requests of industry stakeholders especially in present challenging times when the sector is on the path of recovery.Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.