GST Hike On Textiles From Jan. 1 Despite Industry Pushback

From Jan. 1, a uniform goods and services tax of 12% will be imposed on man-made fibre and readymade garments even as the textile industry is worried that it will increase prices, hurt demand and cause job losses. In several  representations  to state and central governments, traders’ associations from across the country had recommended lowering GST rates. Their argument: it could hurt w…