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GST HIKE ON APPAREL
GST cut to stitch 200 bps boost for apparel retailers: CrisilGST rationalization is projected to boost India's organized apparel retail sector's revenue growth to 13-14% this fiscal. A uniform 5% GST ...20 Oct, 2025, 05.40 PM IST- GST rationalisation to boost organised apparel retail revenue growth by 200 bps: Crisil RatingsThe recent rationalisation of Goods and Services Tax (GST) is expected to add about 200 basis points to the revenue growth of India's organ...20 Oct, 2025, 03.00 PM IST
- GST hike on apparel above ₹2,500 to hit demand: IndustryThe Clothing Manufacturers Association of India (CMAI) called the decision a big blow to the middle class and the organised sector of garme...04 Sep, 2025, 04.13 PM IST
- GST Council meet: Ordering from Swiggy, Zomato may get cheaper; health insurance exemption on cardsThe GST Council is set to discuss several changes, including reducing tax on life and health insurance premiums, food delivery platforms, a...21 Dec, 2024, 06.03 PM IST
- Apparel industry slams proposed GST hikeThe apparel industry faces a potential GST hike. Garments priced between ₹1,500 and ₹10,000 could see an 18% tax. Those above ₹10,000 may f...05 Dec, 2024, 04.17 PM IST
- GST Council defers rate hike on textiles. "Big relief" says industryAnimesh Saxena, President, Federation of Indian Micro & Small and Medium Enterprises (FISME), said the decision is a "big relief" to both M...01 Jan, 2022, 11.37 AM IST
- Garment, hosiery trade bodies seek scrapping of GST hike proposal not defermentThe hosiery industry body Federation of Hosiery Manufacturers Association of India (FOHMA) has hailed the decision to hold the GST rate hik...01 Jan, 2022, 10.15 AM IST
- GST Council decides to defer rate hike on textiles from 5% to 12%The Council, which is the apex decision-making body for the indirect tax, also extended the tenure of the panel by two months.01 Jan, 2022, 08.08 AM IST
- GST council defers rate increase on man-made fibre, yarn, fabrics and apparelThe panel looking into rate rationalisation has been tasked to re-examine the issue. The council, which is the apex decision-making body fo...31 Dec, 2021, 03.57 PM IST
- Higher GST on textiles, footwear unlikely todayThe industry and various states have opposed the increase in the tax to 12% from 5% effective January 1, citing higher compliance cost, esp...31 Dec, 2021, 07.10 AM IST
- Uniform GST on MMF, yarn, fabric from January 1: Government“The government has notified uniform goods and services tax rate at 12% on MMF, MMF yarn, MMF fabrics and apparel that has addressed the in...27 Dec, 2021, 06.11 PM IST
- Amit Mitra seeks GST Council meet to scrap tax hike in textileThe union government had notified to increase the tax on natural fibre products from 5% to 12%, including apparels in the lower tax bracket...24 Dec, 2021, 11.36 PM IST
- ‘Completely unjustifiable’ GST rate hike on apparel, textiles and footwear show the Govt has no easy choicesThe Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead t...26 Nov, 2021, 10.13 AM IST
- Centre urged to defer GST rate hike on apparelsThe proposed merger of 12 per cent and 18 per cent slabs to a single rate will result in a staggering increase of 30 per cent in the GST ra...26 Nov, 2021, 09.19 AM IST
- Retailers Association of India urges govt to reconsider proposed GST rate hike on textiles, apparelsRAI asked "the central and state governments and GST Council to reconsider its decision to prevent a complete collapse of the sector and ma...23 Nov, 2021, 10.17 PM IST
- Investors cheer retailers facing lower tax ratesShares of companies like Relaxo, Bata gained 4.31% and 0.94%, respectively.06 Jun, 2017, 08.51 AM IST
- GST to give level-playing field to organised retail: ReportWhile the tax on branded apparels (textiles) is not known, a revenue neutral rate for apparel industry would be 12-15 per cent, the report ...04 Jun, 2017, 12.35 PM IST
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