PHDCCI urges govt to rationalise GST on textiles

New Delhi, Jan 10 (UNI) PHD Chamber of Commerce and Industry (PHDCCI) on Tuesday asked the government to rationalise Goods and Services Tax (GST) on textiles. "The GST on man-made fibre (Polyester Fiber) and its basic raw materials PTA (Purified Terephthalic Acid) and MEG (Mono Ethylene Glycol has been still kept at 18 per cent). The GST on Filament Yarn / Spun Yarn has been reduced to 12 per cent…