India: GST tax hike on textiles put on hold: FM
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.
- Read more about India: GST tax hike on textiles put on hold: FM
- Log in or register to post comments