Related Keywords: Goods and Service Tax, introduction of GST, may bump up branded apparels prices, require to pay one tax, small and medium players, textile industry may witness inflation, things may fell in place, till third quarter of the financial year
If you like wearing branded outfits then get ready to shell out more on your next shopping as the introduction of GST (Goods and Service Tax) may bump up the price of branded apparels.
As per the Industry experts, they are expecting a tax of 12% GST. But the duties they would now be paying at the manufacturers’ end will be quite high. For worse, the textile industry may witness inflation till third quarter of the financial year in 2017-18.
