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Textile sector seeks 5% taxes under GST across all value chains

Textile sector seeks 5% taxes under GST across all value chains

Saturday, April 15, 2017, 4:39 PM

The textile industry has urged the government to apply the lowest GST rate of 5% across all value chains in the textile and apparel sector, to avoid any possibility of tax evasion. While the final decision on the rate is yet to be decided, the draft rules propose four slabs 5, 8, 12 and 18 percent of tax under GST.
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