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GST RATIONALISATION TEXTILES
November GST mop-up grows slowest in fiscal due to rates revampIndia's Goods and Services Tax collection reached ₹1.70 lakh crore in November. This marks a modest 0.7% rise year-on-year. Officials state...02 Dec, 2025, 12.50 AM IST- India Inc to remain measured on capex despite steady revenue growth in Dec quarter: ICRAIndian companies will invest cautiously despite strong revenue growth expected in the December quarter. Revenue is projected to rise 8-10 p...25 Nov, 2025, 09.39 PM IST
- GST cuts to 5% on 400+ items set to boost consumption, ease inflationThe GST rate cuts announced on September 3, reducing the median rate from 12% to 5% on over 400 goods and services, are expected to boost d...25 Sep, 2025, 10.53 PM IST
- GST 2.0: Reforms to propel MMF textile industry; sub-Rs 2,500 retail segment poised for growthThe reforms are expected to correct anomalies at the fibre stage, reduce costs at the yarn and fabric stages, improve garment affordability...05 Sep, 2025, 03.31 PM IST
- GST rationalisation in textiles to remove distortions, support exportsThe government's GST rate rationalisation for the textile sector aims to boost the industry towards a $350 billion target by 2030. Key chan...05 Sep, 2025, 10.27 AM IST
- GST rate rationalisation: Is there a second wind coming?The Indian government is contemplating Goods and Services Tax (GST) rate rationalisation, aiming to simplify the existing four-slab structu...19 Apr, 2025, 10.13 AM IST
- GST Council likely to consider a review of 28% tax on online gaming at June 22 meetingThe council may also take up recommendation of the fitment committee on inverted duty structure of 15 items, officials aware of the matter ...14 Jun, 2024, 05.30 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
- 46th GST Council meet on Dec 31, to discuss rate rationalisationCurrently, GST is a four-tier slab structure of 5, 12, 18 and 28%. Essential items are either exempted or taxed at the lowest slab, while l...29 Dec, 2021, 08.17 PM IST
- GoM meet on GST rate rationalisation deferredThe Group of Ministers (GoM) on rate rationalisation, headed by Karnataka Chief Minister Basavaraj Bommai, also includes West Bengal Financ...26 Nov, 2021, 07.21 PM IST
- Traders up in arms against 12% GST on textiles, footwearCAIT National President B.C. Bhartia and Secretary General Praveen Khandelwal said that in the cotton textile industry there was no inverte...25 Nov, 2021, 02.58 PM IST
- GoM to meet on Nov 27 to finalise report on GST rate rationalisationSources said the Fitment committee, comprising tax officers from states and the centre, has made many "sweeping" recommendations regarding ...23 Nov, 2021, 10.32 PM IST
- GST on cellphones, footwear, textiles to be rationalised on March 14The GST Council is set to discuss operational glitches on the GST Network portal and seek a resolution plan from Infosys, which has won the...13 Mar, 2020, 11.42 AM IST
- Tax revenues need to stabilise before relook at GST rates: Sushil ModiBharat Chamber President Sitaram Sharma said there are still a lot of network and credit-related issues that need to be sorted out.08 Dec, 2017, 02.56 PM IST
- As Congress talks of GST flaws, BJP says don’t play politicsCongress finance ministers will demand structural and architectural changes in GST, including rationalisation of tax slabs and concessions ...31 Oct, 2017, 01.06 AM IST
- GST Council to continue rationalising rates: Pratap ShuklaThe GST Council, chaired by Finance Minister Arun Jaitley and comprising his state counterparts, at its meeting yesterday lowered tax rates...07 Oct, 2017, 07.25 PM IST
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