GST revamp: Clothes priced over Rs 2500 to become costlier; here is what industry leaders say
The GST Council’s decision to raise the tax on apparel above Rs 2,500 to 18% from 12% has sparked concerns among industry bodies. RAI and CMAI fear this move will impact middle-class affordability and potentially weaken organized retail and the garment sector.🕒 1 min read
The GST Council’s decision to raise the tax on apparel above Rs 2,500 to 18% from 12% has sparked concerns among industry bodies. RAI and CMAI fear this move will impact middle-class affordability and potentially weaken organized retail and the garment sector.
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