GST rate revision for textile sector runs into headwind

Even as the central government aims to correct the inverted duty structure to give relief to the textile industry, manufacturers -- especially those of textile and apparel (other than fibre and yarn) -- have raised red flags on the upcoming Goods and Services Tax (GST) rate hike, which will kick in from January 1, 2022. Officials in the loop tell CNBC-TV18 that the Union Ministry of&nbsp…