Industry expresses disappointment after Centre notifies higher GST rates for textiles, clothing

'Move will lead to higher prices for common man, spur inflation' The Centre's notification of higher GST rates for several textile and apparel items from January 2022, has come as a blow to micro, small and medium-scale textile and clothing units, with industry groups asserting that the move will push up prices for consumers and spur inflation.  In an industry, where almost 80% of the units a…