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tax rate on handloom clothes???
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This is the list of GST rate for textile industry:
0% GST rate:
- Silkworm laying, cocoon
- Raw silk
- Silk waste
5% GST rate
- Silk yarn
- Woven fabrics of silk and silk waste
- Cotton yarn
12% GST rate
- High end ready made cloths mainly those which are above rs 1000
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