News
Embroidered and designer sarees to attract 5% GST: CBEC
- Date:
- August 1, 2017
- Source:
- Economic Times
Sarees — designer, embroidered or otherwise value added — will attract a 5% goods and services tax, the Central Board of Excise and Customs ( CBEC ) has said. Clearing the air over whether sarees will be treated as garments or fabric, the CBEC said sarees are treated as fabric and it remains so even after embroidery etc as no new item emerges having a distinct name, character and use. “Therefore,…