Explained: Why GST on textiles, apparel is being changed; industry’s concerns

Textile and apparel manufacturers have expressed concern over the Goods and Services Tax Council’s decision to change GST rates on finished textile and apparel products. There will be a uniform rate of 12 percent across the textile value chain from January 1, 2022, the finance ministry said in a notification on November 18. GST on fabrics will increase to 12 percent from 5 percent and that on…