Big relief for textile sector, GST Council defers hike in GST on textiles from 5% to 12%

The revision of rates in the textiles sector which was supposed to come into effect from January 1, 2022.

New Delhi: The GST Council has decided to defer decision on increased tax on textiles from earlier 5 percent to the proposed 12 percent in the GST (Goods and Services Tax) Council meeting on Friday, said Zee Media sources.

As per reports, the GST Council has unanimously decided to defer the hike in the 46th GST Council meet chaired by FM Nirmala Sitharaman.

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