Apparel Industry Opposes Proposed GST Hike by GoM, Warns of Growth Setbacks

Last updated: 07 December 2024

As the GST Council prepares to deliberate on recommendations from the Group of Ministers (GoM) on rate rationalization, the proposed hike in GST rates on readymade garments has stirred significant apprehension within the apparel industry. The proposal suggests a 5% GST on garments priced up to ₹1,50

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