Bizmen shocked as dyeing & printing job work GST hiked to 12% from 5%

Ludhiana: From January 1, the businessmen into the job work of dyeing or printing of textile and textile products will have to pay 12% GST on their sales as compared to the current rate of 5%. And in case they provide job work to any person not registered under GST, then 18% tax will be applicable. On November 18, the ministry of finance had issued a notification in this regard. At the time it had…