The Central Board of Indirect Taxes and Customs (CBIC) has notifies via Notification no. 14/2021 - Central Tax (Rate) dated 18th November 2021, the hike in GST rate from 5% to 12% on Fabrics, Apparel, and Footwear w.e.f. 01st January 2022.
This decision was taken in 45th GST Council meeting to correct the problem of Inverted Duty Structure faced by a small segment of the textile value chain.
Particulars of Items |
Old rate |
New Rate |
Apparels |
5% - for items having value upto ₹ 1000/- 12% - for items having value above ₹ 1000/- |
12% for items of any value |
Footwear |
5% - for items having value upto ₹ 1000/- 12% - for items having value above ₹ 1000/- |
12% for items of any value |
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