Textile sector seeks 5% taxes under GST across all value chains

The  textile  industry  has urged the government to apply the lowest  GST  rate of 5 per cent across all value chains in the textile and apparel sector, to avoid any possibility of tax evasion. While the final decision on the rate is yet to be decided, the draft rules propose four slabs -- 5, 8, 12 and 18 per cent of tax under  GST.  Currently, the applicable rat…