TEXPROCIL welcomes GST Council’s decision to refund accumulated input tax credit on fabrics

The Goods and Services Tax (GST) Council took a series of decisions in its 28th meeting held on July 21. Ujwal Lahoti, Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL) said, “the decisions taken by the GST Council are in the right direction which will promote the growth of the textiles sector.” A very significant decision taken by the GST Council is to provide a refund of accum…