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Existing GST rates in textile sector to continue beyond 1st January 2022

46th GST Council meeting | 31st December 2021:

Department of Revenue had notified GST @12 % on MMF, MMF yarn, fabrics and apparel on 18.11.2021 which was to come into force from 1st January, 2022. Fabrics and Apparel Industry represented against this revision of GST slab from 5% to 12%.

The GST Council’s 46th meeting was held today under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has recommended deferring the earlier decision to change the rates in textiles recommended in the 45th GST Council meeting. Consequently, the existing rates in textile sector would continue beyond 1st January, 2022.


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TaxGyata Team

TaxGyata Team