Deferred the decision to change the rates in textiles from 5% to 12% w.e.f. January 01, 2022

The Ministry of Finance vide Press Release dated December 31, 2021 stated that the GST Council’s 46th meeting held on December 31, 2021 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has recommended to defer the decision to change the rates in textiles recommended in the 45th GST Council meeting. Consequently, the existing rates in textile sector would continue beyond  January 01, 2022.

The Press Release can be accessed at - https://www.pib.gov.in/PressReleasePage.aspx?PRID=1786581