Related Keywords: central excise benefit, lowest slab on all textile and apparel product, presently enjoys zero percent, SIMA, South Indian textile industry, support sector proposed uniform five percent GST, textile chain, under the optional Cenvat provisions, upcoming GST regime
The textile chain under the optional Cenvat provisions presently enjoys zero percent central excise benefit. The South Indian textile industry to support the sector proposed that a uniform 5 percent GST or lowest slab on all textile and apparel product.
This will help facilitate the migration to the GST ensuring better compliance under the upcoming GST regime that is expected to be implemented from July 1, 2017.
