GST centimeter
TEXPROCIL has expressed strong approval of recent Goods and Services Tax (GST) reforms, calling them a major relief for the textile value chain.
These reforms, effective from September 22, 2025, introduce a simplified 5% GST rate across the entire man-made textile value chain, correcting previous "inverted duty structure" and making Indian textiles more competitive globally.
This change aims to reduce costs, stabilize pricing, ease working capital pressures for businesses, and boost investment and growth in the sector, according to the Council.
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