Textile sector worries over proposed GST rate hike from 5% to 12%

Kolkata: The  textile  and clothing industry has expressed concerns over the  GST  Council's proposed plan to implement the increase in GST rates on fabrics and garments from 5% to 12% from January 1, 2022, arguing that such a move will affect 85% of the industry and affect nearly 80% of the final products to the consumers as the GST rates for garments over Rs 1,000 already sta…