Defer GST rate hike on textiles, footwear: CAIT to FM

The proposal is to increase the rate of tax from 5 per cent to 12 per cent on textiles and footwear.  

New Delhi: The Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to defer the implementation of GST rate hike on textiles and footwear.

The proposal is to increase the rate of tax from 5 per cent to 12 per cent on textiles and footwear.

In a letter to the minister, CAIT termed the move as `illogical` and `beyond the canon of GST tax structure`, particularly at a time when the domestic trade in the country is on the verge of recovery from the colossal damage caused due to the last two spells of Covid-19.