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GST Council move to correct inverted duty structure to lessen tax burden of apparel industry, trade body says

GST Council move to correct inverted duty structure to lessen tax burden of apparel industry, trade body says

The Apparel Export Promotion Council (AEPC) on Saturday said the decision of the GST Council to correct inverted duty structure on textiles from January 1, 2022 will lessen the tax burden on manmade fibre (MMF) fabrics and garments.

The GST Council in its latest meeting on September 17 agreed to correct inverted duty structure on footwear and textiles from January 1, 2022.

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