Textile industry hails 5% GST rate

 Textile industry sources termed the 5 per cent GST rate on cotton textiles as a progressive decision and one that would give impetus for the growth and development of the entire textile value chain.   Hailing the decision, Texprocil Chairman Ujwal Lahoti thanked the powers that be and the Council for accepting the suggestion put forth by the industry and keeping the rates low. "The low…