Goods and Services Tax – GST Dated:- 31-12-2021 – News – New Delhi, Dec 31 (PTI) Heeding to demands made by several states, the GST Council on Friday put on hold a decision to hike the tax rate on textiles to 12 per cent from 5 per cent, Union Finance Minister Nirmala Sitharaman said. The panel, the highest decision-making body for indirect taxes, met under emergency provisions after states made a request for deferring the January 1 hike in GST tax rates on textiles. Sitharaman said a similar demand for footwear was not agreed to. A group of state finance ministers that is looking at GST rate rationalisation, has been asked to look at tax rate on textile. The group has been asked to present the report by February next year,
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =