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GST Council Decides To Defer Rate Hike On Textiles

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46th GST Council meeting was held on Friday at Vigyan Bhawan

New Delhi :

The central government has given relief to the textile traders on the new year, but the increased rates of Goods and Services Tax (GST) will be applicable on the business of footwear. After this decision of the government, clothes will not be expensive but shoes and slippers can be expensive. However, many states had opposed the increase in GST on footwear. The 46th GST Council meeting was held at Vigyan Bhawan in Delhi on Friday. After the meeting that lasted for about two hours, when the ministers of the states came out, they had news to give relief to the traders and the people.

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Rajasthan cabinet minister Subhash Garg said, “See, GST will not increase on clothes at present. That will be considered in the next meeting, but the GST on footwear will start levying from a date. Although Union Finance Minister Nirmala Sitharaman made it clear that the issue of increasing GST on clothes was discussed in this meeting, there was no discussion on the matter of increasing GST on footwear. He said that the matter of increasing GST on clothes is going to affect from small businessmen to consumers, so it is being discussed in great detail with the states regarding GST.

Nirmala Sitharaman said, ‘When the decision to increase GST was taken in September, it was not our decision alone. It was discussed with everyone, but now it has been sent to the committee, which will report in the end of February or the first week of March, then it will be discussed in the meeting. It has been found but small and medium footwear businessmen are disappointed with this.

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