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Textile industry likely to have uniform GST rate

Related Keywords: across the value chain, conference on GST, development and modernisation of power loom sector, expected to have uniform GST rate, lowest slab for the industry, Smriti Irani, textile industries associations, Textile Industry, textile policy is likely to be finalised shortly, Union Textile Minister, will be held soon to decide rate

Union Textile Minister Smriti Irani said that a conference on GST will be held soon to decide the rate, hinting that the textile industry is expected to have uniform GST rate, responding to pleas at a meeting of textile industries associations and stakeholders in Coimbatore, for fixing five per cent GST rate, the lowest slab for the industry.

The Minister urged the industry associations to give suggestions and views during meetings that will be held in different cities shortly. She also indicated that there might be a uniform rate across the value chain.

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