Textiles ministry to approach GST Secretariat for restoration to 5% rate

Union Ministry of Textiles , after receiving inputs from industry associations, has now decided to approach the  GST secretariat seeking restoration of the rate of  Goods and Services Tax  (GST) to 5 percent , CNBC-TV18 reported. “The industry is of the view that textile fabric manufacturers or fabric weavers will see a significant rise in their working capital requirements due to t…