Related Keywords: Arun Jaitley, Council recommended detailed rate structure, demand of textile traders, discussed in detail in GST Council Meeting, exempt fabrics under GST cannot be met, manufacturers, no change in GST rate for textile sector, not able to claim credit of tax, previous stages, result in zero rating of imported fabrics, Union Minister for Finance
Union Minister for Finance, Defence and Corporate Affairs, Arun Jaitley Tuesday said that the GST rate structure for the textile sector was discussed in detail in the GST Council Meeting held on 3rd June, 2017, wherein the Council recommended the detailed rate structure for the textile sector. The demand of textile traders to exempt fabrics under the Goods and Services Tax (GST) system cannot be met with as manufacturers will then not be able to claim credit of tax on previous stages.
