Revenue dept agrees to correct duty inversion in textiles, but GST Council defers matter

No study conducted to know impact of non-uniform GST rates on raw materials, says MoS Textiles  The Revenue Department has informed that an in-principle agreement has been reached on correcting duty inversion in the textiles sector by prescribing revenue neutral rate on fabrics and garments, Minister of State for Textiles Darshana Jardosh has said. The textile industry, however, may have to w…