Centre urged to defer GST rate hike on apparels

Expressing concern over the Centre’s recent notification on higher GST rates for several apparel items from January 1 next, a prominent hosiery manufacturers’ association has sought its deferment, saying it will impact the common man and those in the MSME sector. The proposed change in the rate from the existing 5 per cent to 12 per cent is going to significantly increase the prices of apparel now…