Editorial

From The Editor's Desk

The apparel industry has raised serious concerns over the proposed Goods and Services Tax (GST) rate hike recommended by the Group of Ministers (GoM) on rate rationalisation. According to the proposal, garments priced between ?1,500 and ?10,000 would be taxed at 18%, while those priced above ?10,000 would fall under the 28% GST slab. Garments priced up to ?1,500 would continue to attract a 5% GST.
Industry stakeholders have strongly opposed the proposed hike, warning of its detrimental effects on consumer demand, employment, and the industry’s value chain. They argue that...

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CITI raises concerns over proposed GST rate hike on ready-made garments

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12 research projects under the National Technical Textiles Mission

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The 10th Mission Steering Group under the chairmanship of Union Minister of Textiles has approved 12 research projects of value INR 13.3 Cr. under the National Technical Textiles Mission. The research projects were approved across key strategic ...

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