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Amended gst rates

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Manohar Singh

288 Points Posted on 09 October 2021

sir
what is the amended gst rates on footwear
and when will be affected from.

please guide me.
thanking you.

Replies (2)

Quick Summary

New Goods & Services Tax (GST) rates are being implemented for footwear and textiles. All footwear, regardless of price, will now be subject to a 12% GST. Similarly, most textile products and readymade garments, excluding cotton, will also attract a 12% GST. These changes are part of the GST Council's decision to eliminate the inverted duty structure.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9620 Points Posted on 09 October 2021

All footwear, irrespective of prices will attract Goods & Services Tax (GST) at 12 per cent while barring cotton, all textile products including readymade garments will have GST at the rate of 12 per cent. This will be possible as GST Council has decided to do away with inverted duty structure (IDS).