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CHANGES OF RATES OF TEXTILE INDUSTRY POSTPONED

 IN THE 45TH MEETING OF GST COUNCIL IT WAS PROPOSED THAT THE GST RATES WILL BE MODIFIED FROM 5% TO 12% AND WILL BE EFFECTIVE FROM 01/01/2022, BUT NOW A NEW PRESS RELASE HAS BEEN MADE ON 31ST DECEMBER 2021 AND IN 46TH MEETING OF GST COUNCIL IT HAS BEEN ONLY SAID THAT THE ABOVE AMENDMENT IS POSTPONED AND THE EXISTING RATES OF TEXTILE INDUSTRY WILL BE CONTINUED TILL THE NEXT PRESS RELEASE COMES.

NOTICE OF THE PRESS RELEASE IS ATTACHED BELOW:

https://www.cbic.gov.in/resources//htdocs-cbec/press-release/46th%20GST%20Council%20Press%20Release%20final.pdf 

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