Related Keywords: an input credit will lead to lowered input costs, boost Indian textile exports, easing the prices, Goods and Services Tax, GST, improve business climat in the country, increase share of export market, introduction of GST, key to facilitate industrial growth, making industry internationally competitive, textiles is concern
The Goods and Services Tax (GST) is seen as key to facilitating industrial growth and improving business climate in the country. A constitutional amendment measure, the GST Bill needs to be passed by a two third majority in both houses of parliament and by the legislatures of half of the states in the country to become law.