Business

GST Council meet: Centre defers hike in GST on textiles from 5% to 12%

Punjab Tribune Bureau | December 31, 2021 01:50 PM

NEW DELHI: The Goods and Service Tax (GST) Council on Friday  has decided to defer decision on increased tax on textiles from earlier 5 per cent to the proposed 12 per cent in the meeting.

As per the reports, thedecision to defer the hike was taken during the 46th  GST Council meeting chaired by Union Finance Minister Nirmala Sitharaman on Friday.

However, the government had exempted cotton products from the purview. The GST levied on textile products including readymade garments, fabrics, synthetic..etc, was earlier hiked from 5 per cent to 12 per cent. 

Have something to say? Post your comment
Must Read
Government College of Yoga Education & Health, Chandigarh in collaboration with MDNIY, New Delhi organize YOGOTSAV-2022
Government College of Yoga Education & Health, Chandigarh in collaboration with MDNIY, New Delhi organize YOGOTSAV-2022
Two associates of gangster-turned-terrorist Arsh Dalla held with MP-5 gun, 44 live rounds
Two associates of gangster-turned-terrorist Arsh Dalla held with MP-5 gun, 44 live rounds
Baisakhi Mela to promote Kanjli wetland as tourist destination- ADC (Urban Development)
Baisakhi Mela to promote Kanjli wetland as tourist destination- ADC (Urban Development)
Azad Hind Fauj freedom fighter passes away in Rahon
Azad Hind Fauj freedom fighter passes away in Rahon
Jahangirpuri violence case: FSL team conducts an investigation to collect evidence
Jahangirpuri violence case: FSL team conducts an investigation to collect evidence
Lifting touches 121 % and payment to 118 % in Kapurthala
Lifting touches 121 % and payment to 118 % in Kapurthala
One killed, four injured after iron mast falls on stage at Union Minister's event in Agra
One killed, four injured after iron mast falls on stage at Union Minister's event in Agra
Punjab govt transfers 32 IAS officers, find the complete list here
Punjab govt transfers 32 IAS officers, find the complete list here
“Congress is like a dead horse, there is no point flocking a dead horse”: Raghav Chadha attacks over Prashant Kishor's meeting with Congress
“Congress is like a dead horse, there is no point flocking a dead horse”: Raghav Chadha attacks over Prashant Kishor's meeting with Congress
Jalandhar Rural Police arrest a drug smugglers from Maqsudan, seize over 1 kg of cannabis
Jalandhar Rural Police arrest a drug smugglers from Maqsudan, seize over 1 kg of cannabis
Govt. provide reliable and affordable electricity, not free, free food will go bankrupt: Laxmi Kant  Chawla
Govt. provide reliable and affordable electricity, not free, free food will go bankrupt: Laxmi Kant Chawla
BJP leader Tajinder Pal Bagga files a complaint against Punjab CM Bhagwant Mann for entering Gurudwara Damdama Sahib in a drunk condition
BJP leader Tajinder Pal Bagga files a complaint against Punjab CM Bhagwant Mann for entering Gurudwara Damdama Sahib in a drunk condition