The recent proposal by the Group of Ministers (GoM) on Rate Rationalisation to change GST rates for the apparel sector has led to concerns in the textile and apparel industry on the impact of the proposed changes on jobs and MSMEs.
The Group of Ministers (GoM) on GST rate rationalisation met on Thursday and largely agreed to maintain the current four-tier tax slab system. The panel has asked tax officers to analyse the impact of adjusting rates on certain items and present their findings to the GST Council.
The Goods and Services Tax Council will have to appoint a new chairperson for the key group of ministers (GoM)…
In its 47th meeting held on 28-29.07.2022 in Chandigarh, the GST Council discussed the changes required in provisions pertaining to…
