Related Keywords: expenses incurred on branding, GST levied on MRP, Indian textile industry, keep employment intensive industry, lowest slab of GST, multiple ill effects on entire sector, not on MRP, recommends levy of GST on exfactory price, room for periodic discount offers, transportation
The Indian textile industry has recommended the government to levy goods and services tax (GST) on ex-factory price, which is always much lower than the maximum retail price (MRP) as it would leave some leg room for periodic discount offers. It has also warned the government that if the GST is levied on MRP then it would have multiple ill effects on the entire sector.
