V-Mart will pass on the full seven percentage point GST rate hike on apparel. If this is not allowed, the fashion retailer will cut discounts to mitigate the cost impact. GST rates on textiles and apparel have been raised to 12% from 5% TO READ MORE: https://www.dfupublications.com/news/trade/v-mart-retail-raymond-to-pass-on-gst-hike-to-customers?fbclid=IwAR2D069A9QAbEEScgraVSIvnEuZBK7_5cFBnPJ-T-uKGdjwK8UscQTIERTg
By: adminComments Off on GOVERNMENT PREPARES TO INTRODUCE NEW GST RATES FOR APPAREL AND TEXTILES IN NEW YEAR
The government has received large-scale backlash for its proposed goods and services tax hike to 12% on numerous apparel and textiles categories, but remains set to implement the tax increase on January 1, 2022. TO READ MORE: https://in.fashionnetwork.com/news/Government-prepares-to-introduce-new-gst-rates-for-apparel-and-textiles-in-new-year,1364196.html
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