CBIC notifies new GST rates on fabrics & shoes w.e.f. 01st Janurary 2022



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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