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GST rate on apparel, footwear to increase from 5% to 12% from January 1
short by Kiran Khatri / on Saturday, 20 November, 2021
Apparel, textiles and footwear are set to become costlier as Central Board of Indirect Taxes and Customs (CBIC) has notified an increase in their GST rate from 5% to 12%. The increased GST rate will be effective from January 1, 2022. However, GST rates on certain synthetic fibres and yarn have been lowered to 12% from 18%, making rates uniform.
read more at Moneycontrol