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Gst On Grey Cloth
Will GST be applied on grey cloth manufactured on powerloomd
Replies (5)
It will be decided on May 17 or 18
Thanx a lot
Kindly do update on this matter
It is expected that textiles will be under the GST levy and the exemption available earlier wouldbe removed. However it maybe at the lower rate of 12%. We understand exemption for goods wouldbe minimum.
Readymade Garments 12% with no cash refund of ITC
Readymade Garments Below Rs. 1000 5% with no cash refund of ITC
Fabrics & Yarn (except man-made) 5%
Manmade Yarn 18%
All Process of Textiles 5%
Packaged Food Items 5%
Fiber Silk and Jute 0%
Manmade Fiber 18%Â
Readymade Garments Below Rs. 1000 5% with no cash refund of ITC
Fabrics & Yarn (except man-made) 5%
Manmade Yarn 18%
All Process of Textiles 5%
Packaged Food Items 5%
Fiber Silk and Jute 0%
Manmade Fiber 18%Â
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