Fabrics News
Tax on MMF, MMF yarn and MMF fabrics is 18 per cent, 12 per cent and 5 per cent, respectively.
The taxation of inputs at higher rates than finished products created build up of credits and cascading costs.
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state finance ministers, had in its previous meeting on September 17.
Cotton and bamboo fabric has always been preferred for children!
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