GST centimeter
CITI India has applauded the recent simplification of the GST structure into 5% and 18% slabs, eliminating the 12% and 28% slabs, noting it will simplify the tax regime and enhance compliance.
Fashion Guru
Advocated for uniform rates:
CITI has urged for a uniform 5% GST across cotton, MMF, and machinery to remove the inverted duty structure (IDS), which has caused liquidity issues and strained capital for textile businesses.
Join our group
Highlighted benefits for MSMEs:
CITI emphasizes that these changes will directly benefit Micro, Small, and Medium Enterprises (MSMEs) by easing working capital blockages and improving their competitiveness.
Join our community
Specific requests:
CITI has also requested the abolition of ITC-04 filing for hosiery and an increase in the apparel GST threshold to ₹10,000 from the current ₹1,000.
Festive Bonanza!
CREDITS: This is automated information generated from the internet and has not been reviewed & edited by us.
CONTACT US 
