GST Council retains status quo on GST rate on textile to 5%

The GST Council has decided to retain the status quo on GST rate on textile to five per cent. It has decided not to raise GST rate on textile to 12 per cent. Briefing reporters after the 46th Meeting of the GST Council in New Delhi today, Finance Minister Nirmala Sitharaman said, the issue of GST rate on textile will be sent to the Tax Rate Rationalization Committee which will submit its report by February next year.

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