GST Council Meet | Hike in GST on textiles unanimously deferred, no breather for footwear

The Goods and Services Tax (GST) Council has unanimously decided to defer a hike in GST on textiles from 5 percent to 12 percent, finance minister Nirmala Sitharaman announced on December 31. The  GST  rate hike on textiles from 5 percent to 12 percent was to come into effect from January 1. The matter will be discussed again in the next council meet. On December 30, …