Garment manufacturers cheer GST rate cut in job work

    Garment manufacturers have welcomed the government's decision to cut service tax (goods and services or GST levy) on the third-party services popularly known as job work.   The GST Council on Saturday decided to cut the tax rate on services rendered by third parties from 18 per cent to 5 per cent. Earlier, the GST Council had lowered the rates on the job work in the jewellery se…