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GST Council defers hike in GST on textiles from 5% to 12%

Money Control

GST Council has unanimously decided to defer hike in GST on textiles from 5 percent to 12 percent, sources told Sources to CNBC-TV18. The matter will be discussed again in the next Council meet for future roadmap. The  GST  rate hike on textiles from 5 percent to 12 percent was to come into effect from January 1. On December 30,  several states flagged  higher tax rat…

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